United Way of the Tanana Valley Inc

Analysis

United Way of the Tanana Valley Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of the Tanana Valley Inc reported income of $622k and spending of $625k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $936k to $622k (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of the Tanana Valley Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AK. Charities of a similar size with the same main cause include Gmiluth Chasodim ($622k), Boy Scouts of America ($622k) and Association of Programs for Rural Independent Living ($622k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $88k (14% of expenses). Other salaries and wages came to $113k. At year end it held assets of $358k against liabilities of $191k, net assets of $167k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.