United Way of Monterey County

Analysis

United Way of Monterey County is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in November 1953, 73 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Monterey County reported income of $11.9m and spending of $11.7m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $11.9m (+222%), an average of +48% a year. The sharpest change came in the year to June 2022, when income rose by 444%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Monterey County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Akron Community Foundation ($11.9m), New York Cares Inc ($11.9m) and United Way of the Mid-South ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $262k (2.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.1m against liabilities of $4.6m, net assets of $7.5m. It reported 50 employees.