AI Transparency Report
United Way Of The Valley & Greater Utica Area Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. While the organization has experienced fluctuations in revenue and expenses over the past decade, it generally maintains a healthy asset base relative to its liabilities. For instance, in the 202306 period, assets were $2,844,085 against liabilities of $617,368, indicating good financial stability. The organization's transparency is strong, with 13 filings available, and a notable absence of reported officer compensation, which suggests resources are directed towards programmatic efforts rather than executive salaries.
However, the organization has shown a trend of expenses exceeding revenue in several recent periods, including 202306 ($2,815,289 expenses vs. $2,475,117 revenue) and 202206 ($3,440,243 expenses vs. $3,372,877 revenue). This pattern, if sustained, could impact long-term financial health, despite the current strong asset position. The latest revenue of $1,662,395 is also significantly lower than previous years, warranting closer examination of fundraising strategies and operational efficiency to ensure sustainable funding for its programs.
Overall, the organization appears financially sound with a strong program focus and good transparency. The primary area for improvement lies in consistently aligning expenses with revenue to ensure long-term sustainability, especially given the recent dip in revenue. The lack of reported officer compensation is a positive indicator of efficient resource allocation.