United Way Inc

Analysis

United Way Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1965, 61 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 Inc reported income of $47.4m and spending of $44.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $59.6m to $47.4m (-20%), an average of -5.6% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 82% 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 Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Jewish Community FDN of the Jewish Federation Council of Greater LA ($47.2m), Comic Relief Inc ($47.5m) and United Way of Metropolitan Chicago Inc ($47.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $1.4m (3.2% of expenses). Other salaries and wages came to $5.6m. It paid $177k in professional fundraising fees. At year end it held assets of $93.0m against liabilities of $7.1m, net assets of $85.8m. It reported 85 employees.