United Way of Santa Cruz County

Analysis

United Way of Santa Cruz County is a registered charity in United States, based in Capitola, CA. It received its IRS tax-exemption ruling in December 1954, 72 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 Santa Cruz County reported income of $5.2m and spending of $4.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.2m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 96% 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 Santa Cruz County sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Douglas County Educational Foundation ($5.2m), Charlevoix County Community Foundation ($5.2m) and United Way of Greater Lafayette & Tippecanoe County ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $164k (3.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.1m against liabilities of $918k, net assets of $1.2m. It reported 23 employees.