United Way of Greater Toronto

Analysis

United Way of Greater Toronto is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in February 1963, 63 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).

In the financial year ending March 2024, United Way of Greater Toronto reported income of $122.1m and spending of $122.2m, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $114.9m to $122.1m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to March 2021, when income rose by 32%. Over the whole period it spent 99% 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 Greater Toronto 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 United Way of Central Alabama Inc ($121.9m), Arizona Community Foundation ($122.7m) and The Community Foundation Inc ($119.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $2.0m (1.7% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $120.2m against liabilities of $32.0m, net assets of $88.2m.