United Way of Canada Centraide

Analysis

United Way of Canada Centraide is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, United Way of Canada Centraide reported income of $93.0m and spending of $92.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $93.0m (+1992%), an average of +114% a year. The sharpest change came in the year to December 2020, when income rose by 2773%. Over the whole period it spent 98% 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 Canada Centraide sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Conference of State Bank Supervisors Inc ($92.9m), Arc of the Ozarks ($93.2m) and The Child Center of Ny Inc ($92.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $252k (0.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.0m against liabilities of $1.6m, net assets of $5.4m.