United Way Of Central New York Inc
United Way Of Central New York Inc consistently operates with expenses exceeding revenue in recent years, with no officer compensation reported.
EIN: 150532073 · Syracuse, NY · NTEE: T700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $9.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $4.6M |
| Transparency Score | 65/100 |
Is United Way Of Central New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Central New York Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Central New York Inc
United Way Of Central New York Inc (EIN: 150532073) is a nonprofit organization based in Syracuse, NY, classified under NTEE code T700. The organization reported total revenue of $14.0M and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Central New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Central New York Inc is a large nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $9.9M |
| Surplus / Deficit | $-794,582 |
| Total Assets | $9.0M |
| Total Liabilities | $4.4M |
| Net Assets | $4.6M |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 48.6% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, United Way Of Central New York Inc reported a deficit of $795K with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 48.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), United Way Of Central New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | -2.9% | -4.5% |
| 2022 | +5.0% | +11.6% | -8.0% |
| 2021 | -6.2% | +19.8% | +4.0% |
| 2020 | +16.1% | -10.4% | +9.3% |
| 2019 | -4.4% | -1.3% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United Way Of Central New York Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, United Way Of Central New York Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $795K, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.6%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all reported periods. This indicates either that officers are not compensated, or their compensation is reported under a different category, making it difficult to assess executive pay relative to the organization's size and overall expenses of nearly $10 million annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of United Way Of Central New York Inc's IRS 990 filings:
- Consistent operational deficits: Expenses exceeded revenues in 9 out of 10 reported periods, including a $794,582 deficit in 202306.
- Lack of transparency in executive compensation: 0% officer compensation reported across all filings, which is unusual for an organization with nearly $10 million in annual expenses.
- Declining revenue trend: Latest revenue of $9,093,701 (202306) is lower than the peak of $9,530,107 (202006), indicating a potential challenge in fundraising or donor retention.
Strengths
The following positive indicators were identified for United Way Of Central New York Inc:
- Stable asset base: Assets have consistently been over $8 million, reaching $8,999,113 in 202306, providing a financial cushion.
- Consistent service delivery: Despite financial fluctuations, the organization has maintained a significant level of expenses (around $8-10 million annually), suggesting ongoing program delivery.
- Long operational history: Over 12 filings indicate a well-established presence and experience in the community.
Frequently Asked Questions about United Way Of Central New York Inc
Is United Way Of Central New York Inc a legitimate charity?
United Way Of Central New York Inc (EIN: 150532073) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $14.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does United Way Of Central New York Inc spend its money?
United Way Of Central New York Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to United Way Of Central New York Inc tax-deductible?
United Way Of Central New York Inc is registered as a tax-exempt nonprofit (EIN: 150532073). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United Way Of Central New York Inc CEO make?
United Way Of Central New York Inc's highest-compensated officer earns $10 annually. The organization reported $14.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Way Of Central New York Inc's spending goes to programs?
United Way Of Central New York Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of Central New York Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), United Way Of Central New York Inc is above average for NTEE category T700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of Central New York Inc located?
United Way Of Central New York Inc is headquartered in Syracuse, New York and files with the IRS under EIN 150532073. It is classified under NTEE code T700.
How many years of IRS 990 filings does United Way Of Central New York Inc have?
United Way Of Central New York Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.0M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all available filings is unusual for an organization of this size and suggests that executive compensation might be categorized differently or that the top leadership is entirely volunteer-based, which would require further clarification for full transparency.
What is the cause of the recurring operational deficits in recent years?
In periods 202306, 202206, 202106, 201906, 201806, 201706, 201606, 201506, and 201406, expenses exceeded revenues. For example, in 202306, expenses were $9,888,283 against revenues of $9,093,701. This consistent trend suggests a potential structural imbalance between fundraising and program delivery costs that needs to be addressed for long-term financial health.
How does the organization plan to address the gap between revenues and expenses?
With expenses exceeding revenues in most recent periods, such as a nearly $800,000 deficit in 202306, the organization should have a clear strategy to either increase revenue streams or optimize operational costs to ensure financial sustainability.
Filing History
IRS 990 filing history for United Way Of Central New York Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), United Way Of Central New York Inc's revenue has grown by 11.9%, moving from $8.1M to $9.1M. Total assets increased by 2.5% over the same period, from $8.8M to $9.0M. Total functional expenses rose by 19.4%, from $8.3M to $9.9M. In its most recent filing year (2023), United Way Of Central New York Inc reported a deficit of $795K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $9.0M in assets (debt-to-asset ratio: 48.6%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $9.9M | $9.0M | $4.4M | — | View 990 |
| 2022 | $9.4M | $10.2M | $9.4M | $4.2M | — | View 990 |
| 2021 | $8.9M | $9.1M | $10.2M | $3.5M | — | View 990 |
| 2020 | $9.5M | $7.6M | $9.9M | $4.2M | — | View 990 |
| 2019 | $8.2M | $8.5M | $9.0M | $5.4M | — | View 990 |
| 2018 | $8.6M | $8.6M | $8.3M | $4.7M | — | View 990 |
| 2017 | $8.4M | $8.5M | $8.8M | $5.5M | — | View 990 |
| 2016 | $7.9M | $8.2M | $8.5M | $5.5M | — | View 990 |
| 2015 | $8.0M | $8.2M | $9.1M | $5.8M | — | View 990 |
| 2014 | $8.0M | $8.1M | $9.2M | $5.7M | — | View 990 |
| 2013 | $8.4M | $8.5M | $9.0M | $6.0M | — | View 990 |
| 2012 | $8.1M | $8.3M | $8.8M | $5.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $9.9M, and assets of $9.0M (revenue -3.1% year-over-year).
- 2022: Revenue of $9.4M, expenses of $10.2M, and assets of $9.4M (revenue +5.0% year-over-year).
- 2021: Revenue of $8.9M, expenses of $9.1M, and assets of $10.2M (revenue -6.2% year-over-year).
- 2020: Revenue of $9.5M, expenses of $7.6M, and assets of $9.9M (revenue +16.1% year-over-year).
- 2019: Revenue of $8.2M, expenses of $8.5M, and assets of $9.0M (revenue -4.4% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.6M, and assets of $8.3M (revenue +2.1% year-over-year).
- 2017: Revenue of $8.4M, expenses of $8.5M, and assets of $8.8M (revenue +6.6% year-over-year).
- 2016: Revenue of $7.9M, expenses of $8.2M, and assets of $8.5M (revenue -1.5% year-over-year).
- 2015: Revenue of $8.0M, expenses of $8.2M, and assets of $9.1M (revenue -0.2% year-over-year).
- 2014: Revenue of $8.0M, expenses of $8.1M, and assets of $9.2M (revenue -4.1% year-over-year).
- 2013: Revenue of $8.4M, expenses of $8.5M, and assets of $9.0M (revenue +3.0% year-over-year).
- 2012: Revenue of $8.1M, expenses of $8.3M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Central New York Inc:
Data Sources and Methodology
This transparency report for United Way Of Central New York Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.