United Way of Ventura County Inc

Analysis

United Way of Ventura County Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in March 1962, 64 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 Ventura County Inc reported income of $1.7m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.7m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 117% 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 Ventura County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Frankenmuth Community Foundation Inc ($1.7m), T Howard Foundation ($1.7m) and Mesa United Way Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $145k (8.1% of expenses). Other salaries and wages came to $617k. At year end it held assets of $1.7m against liabilities of $313k, net assets of $1.4m. It reported 20 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.