AI Transparency Report
United Way Of Westchester And Putnam Inc demonstrates generally sound financial health, with revenues consistently exceeding expenses in most recent periods, leading to a healthy asset base. For instance, in 2023, revenue was $9,694,449 against expenses of $9,574,274, indicating a surplus. The organization's assets have also shown growth, reaching $5,992,994 in 2023 from $5,306,671 in 2022, suggesting prudent financial management and accumulation of resources. However, there was a notable dip in revenue in 2020 to $5,246,840, which was an outlier compared to its typical revenue range of $9M-$13M, potentially due to the pandemic's impact, but the organization has since recovered.
The spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards programmatic activities and operational costs rather than executive salaries, which is a positive indicator for donors. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation implies a commitment to maximizing direct impact. The organization's NTEE code P20 (United Ways) typically involves significant pass-through funding, which can influence expense ratios.
Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a strong indicator of commitment to public disclosure. The readily available financial data allows for analysis of revenue, expenses, assets, and liabilities, providing a clear picture of the organization's financial standing. The consistent reporting of zero officer compensation is a significant transparency point, as it directly addresses a common area of concern for donors.