United Way Of Hudson County
United Way Of Hudson County: Revenue Volatility & Administrative Growth
EIN: 221487218 · Jersey City, NJ · NTEE: T70Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.7M |
| Program Spending | 75% |
| Net Assets | $2.3M |
| Transparency Score | 70/100 |
Is United Way Of Hudson County 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 Hudson County directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Hudson County
United Way Of Hudson County (EIN: 221487218) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code T70Z. The organization reported total revenue of $2.4M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Hudson County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Hudson County is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-306,933 |
| Total Assets | $3.5M |
| Total Liabilities | $1.2M |
| Net Assets | $2.3M |
| Operating Margin | -12.6% |
| Debt-to-Asset Ratio | 34.2% |
| Months of Reserves | 15.3 months |
Financial Health Grade: B
In 2023, United Way Of Hudson County reported a deficit of $307K with expenses exceeding revenue, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 34.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of Hudson County's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.1% | -35.9% | -11.0% |
| 2022 | +133.7% | +57.6% | +173.4% |
| 2021 | +36.4% | +35.8% | +47.9% |
| 2020 | -1.3% | +0.4% | +16.8% |
| 2019 | -0.9% | -4.3% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Hudson County with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, United Way Of Hudson County allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $307K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.2%.
Executive Compensation Analysis
Without specific executive compensation figures from the provided data, a detailed assessment is not possible; however, further review of Form 990s would be necessary to determine if compensation is reasonable relative to the organization's size and impact.
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 Hudson County's IRS 990 filings:
- Significant revenue volatility observed, with a drop from $6,433,978 in 2022 to $2,435,595 in 2023.
- Administrative expenses have shown an increasing trend relative to total assets in some years, warranting closer examination.
Strengths
The following positive indicators were identified for United Way Of Hudson County:
- Consistent operation over many years, indicating established presence and community trust.
- Maintained positive net assets in most years, suggesting financial stability despite revenue fluctuations.
Frequently Asked Questions about United Way Of Hudson County
Is United Way Of Hudson County a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Hudson County (EIN: 221487218) some concerns. Mission Score: 70/100. 2 red flags identified, 2 strengths noted.
How does United Way Of Hudson County spend its money?
United Way Of Hudson County directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Hudson County tax-deductible?
United Way Of Hudson County is registered as a tax-exempt nonprofit (EIN: 221487218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of United Way Of Hudson County's spending goes to programs?
United Way Of Hudson County directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of Hudson County compare to similar nonprofits?
With a transparency score of 70/100 (Good), United Way Of Hudson County is above average for NTEE category T70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of Hudson County located?
United Way Of Hudson County is headquartered in Jersey City, New Jersey and files with the IRS under EIN 221487218. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does United Way Of Hudson County have?
United Way Of Hudson County has 13 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 $2.4M in total revenue.
What does United Way Of Hudson County do?
United Way Of Hudson County is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Jersey City, New Jersey. It is classified under NTEE code T70Z.
How much revenue does United Way Of Hudson County have?
United Way Of Hudson County reported total revenue of $2,386,995. Based on 13 IRS 990 filings on record.
What are United Way Of Hudson County's total assets?
United Way Of Hudson County holds total assets of $2,607,158 as reported in IRS 990 filings.
Where is United Way Of Hudson County located?
United Way Of Hudson County is based in Jersey City, New Jersey.
What is United Way Of Hudson County's EIN?
United Way Of Hudson County's Employer Identification Number (EIN) is 221487218. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is United Way Of Hudson County?
United Way Of Hudson County is classified under NTEE code T70Z (Philanthropy, Voluntarism & Grantmaking).
Is United Way Of Hudson County a registered 501(c)(3)?
Yes, United Way Of Hudson County is recognized as a tax-exempt organization by the IRS. EIN: 221487218.
Does United Way Of Hudson County file IRS Form 990?
Yes, United Way Of Hudson County has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was United Way Of Hudson County's revenue in 2023?
In the 202312 filing period, United Way Of Hudson County reported total revenue of $2,435,595, total expenses of $2,742,528, and net assets of $3,489,611.
Is United Way Of Hudson County's revenue growing or declining?
United Way Of Hudson County's revenue is declining. Revenue went from $6,433,978 (202212) to $2,435,595 (202312), a -62.1% change. Based on 13 filings on record.
What is United Way Of Hudson County's most recent 990 filing?
The most recent IRS Form 990 filing for United Way Of Hudson County covers tax period 202312. It shows revenue of $2,435,595, expenses of $2,742,528, total assets of $3,489,611, and liabilities of $1,194,584.
How much does United Way Of Hudson County spend on programs vs administration?
Based on IRS 990 analysis, United Way Of Hudson County allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is United Way Of Hudson County a trustworthy charity?
Based on AI analysis of IRS 990 data, United Way Of Hudson County appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for United Way Of Hudson County?
The following concerns were identified: Significant revenue volatility observed, with a drop from $6,433,978 in 2022 to $2,435,595 in 2023.. Administrative expenses have shown an increasing trend relative to total assets in some years, warranting closer examination.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are United Way Of Hudson County's strengths?
Positive indicators for United Way Of Hudson County include: Consistent operation over many years, indicating established presence and community trust.. Maintained positive net assets in most years, suggesting financial stability despite revenue fluctuations.. These findings are derived from AI analysis of the organization's financial filings.
How does United Way Of Hudson County compensate executives?
Without specific executive compensation figures from the provided data, a detailed assessment is not possible; however, further review of Form 990s would be necessary to determine if compensation is reasonable relative to the organization's size and impact. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decrease in revenue from 2022 to 2023, and how is the organization planning to mitigate future revenue instability?
The provided data shows a significant revenue drop from $6,433,978 in 2022 to $2,435,595 in 2023. This could be due to the conclusion of a major grant, a one-time large donation in 2022, or a general decline in fundraising. The organization would need to articulate its strategy for diversifying funding sources and stabilizing revenue streams to ensure long-term sustainability.
Given the fluctuations in revenue, how has the organization managed its program delivery and impact to ensure consistent service to the community?
Despite revenue volatility, the organization's ability to maintain operations and assets suggests a focus on core mission. However, significant revenue drops could impact program scope or reach. An analysis of program expenses relative to total expenses over these fluctuating periods would provide insight into how program delivery is prioritized and sustained.
Filing History
IRS 990 filing history for United Way Of Hudson County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Hudson County's revenue has declined by 27.7%, moving from $3.4M to $2.4M. Total assets increased by 90% over the same period, from $1.8M to $3.5M. Total functional expenses fell by 44%, from $4.9M to $2.7M. In its most recent filing year (2023), United Way Of Hudson County reported a deficit of $307K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $3.5M in assets (debt-to-asset ratio: 34.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.7M | $3.5M | $1.2M | — | — |
| 2022 | $6.4M | $4.3M | $3.9M | $1.3M | — | View 990 |
| 2021 | $2.8M | $2.7M | $1.4M | $989K | — | View 990 |
| 2020 | $2.0M | $2.0M | $970K | $563K | — | View 990 |
| 2019 | $2.0M | $2.0M | $831K | $443K | — | View 990 |
| 2018 | $2.1M | $2.1M | $742K | $407K | — | View 990 |
| 2017 | $2.3M | $2.2M | $760K | $407K | — | View 990 |
| 2016 | $2.0M | $2.1M | $595K | $360K | — | View 990 |
| 2015 | $2.2M | $2.4M | $620K | $273K | — | View 990 |
| 2014 | $3.1M | $3.9M | $779K | $207K | — | View 990 |
| 2013 | $3.2M | $2.6M | $1.6M | $156K | — | View 990 |
| 2012 | $2.0M | $2.6M | $1.1M | $252K | — | View 990 |
| 2011 | $3.4M | $4.9M | $1.8M | $342K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.7M, and assets of $3.5M (revenue -62.1% year-over-year).
- 2022: Revenue of $6.4M, expenses of $4.3M, and assets of $3.9M (revenue +133.7% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.7M, and assets of $1.4M (revenue +36.4% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $970K (revenue -1.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $831K (revenue -0.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $742K (revenue -9.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $760K (revenue +13.9% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.1M, and assets of $595K (revenue -9.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.4M, and assets of $620K (revenue -27.8% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.9M, and assets of $779K (revenue -3.8% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.6M, and assets of $1.6M (revenue +61.8% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.6M, and assets of $1.1M (revenue -41.8% year-over-year).
- 2011: Revenue of $3.4M, expenses of $4.9M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Hudson County:
Data Sources and Methodology
This transparency report for United Way Of Hudson County 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.