United Way Of New York City
United Way Of New York City shows strong asset growth despite a recent operating deficit.
EIN: 132617681 · New York, NY · NTEE: T700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83.0M |
| Total Expenses | $68.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $83 |
| Net Assets | $14.2M |
| Transparency Score | 80/100 |
Is United Way Of New York City 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 New York City directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of New York City
United Way Of New York City (EIN: 132617681) is a nonprofit organization based in New York, NY, classified under NTEE code T700. The organization reported total revenue of $83.0M and total assets of $73.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of New York City's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of New York City is a major nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65.2M |
| Total Expenses | $68.5M |
| Surplus / Deficit | $-3,333,117 |
| Total Assets | $51.6M |
| Total Liabilities | $37.3M |
| Net Assets | $14.2M |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 72.4% |
| Months of Reserves | 9.0 months |
Financial Health Grade: C
In 2023, United Way Of New York City reported a deficit of $3.3M with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 72.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of New York City's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +22.5% | +36.7% |
| 2022 | +4.1% | -7.9% | -6.9% |
| 2021 | +1.3% | +6.3% | -10.9% |
| 2020 | +11.3% | +0.8% | +42.0% |
| 2019 | -10.8% | -8.7% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 New York City with a Mission Score of 80 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, United Way Of New York City allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.4%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size ($83 million in latest revenue) and suggests that executive compensation may be reported under different categories or is not directly disclosed in the 'Officer Comp' field, which could impact transparency.
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 New York City's IRS 990 filings:
- Unusually low (0%) reported officer compensation across all filings, potentially obscuring executive pay details.
- Operating deficit in the 2023 fiscal period where expenses exceeded revenue by over $3 million.
Strengths
The following positive indicators were identified for United Way Of New York City:
- Strong and consistent revenue generation, averaging over $60 million annually.
- Significant growth in assets, nearly doubling from $37.7 million in 2022 to $73.4 million in the latest filing.
- Long operational history with 13 available filings, indicating stability and established presence.
- Positive net income in several recent years (e.g., 2022, 2021, 2020, 2015).
Frequently Asked Questions about United Way Of New York City
Is United Way Of New York City a legitimate charity?
United Way Of New York City (EIN: 132617681) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $83.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does United Way Of New York City spend its money?
United Way Of New York City directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to United Way Of New York City tax-deductible?
United Way Of New York City is registered as a tax-exempt nonprofit (EIN: 132617681). 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 New York City CEO make?
United Way Of New York City's highest-compensated officer earns $83 annually. The organization reported $83.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Way Of New York City's spending goes to programs?
United Way Of New York City directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of New York City compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), United Way Of New York City 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 New York City located?
United Way Of New York City is headquartered in New York, New York and files with the IRS under EIN 132617681. It is classified under NTEE code T700.
How many years of IRS 990 filings does United Way Of New York City have?
United Way Of New York City 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 $83.0M in total revenue.
Is United Way Of New York City a good charity?
Based on the available data, United Way Of New York City appears to be a well-established charity with a significant impact, as evidenced by its substantial revenue and asset base. Its consistent operation over many years and growth in assets suggest financial stability. However, the reported 0% officer compensation warrants further investigation for complete transparency.
What caused the significant increase in assets from 2022 to the latest filing?
The organization's assets nearly doubled from $37,721,981 in 2022 to $73,470,839 in the latest filing. This substantial increase could be due to successful fundraising campaigns, significant grants, investment gains, or the acquisition of new property/equipment. Further details from the full 990 form would be needed to pinpoint the exact cause.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is highly unusual for an organization with annual revenues exceeding $60 million. This could indicate that compensation for key executives is reported under other expense categories (e.g., salaries and wages), or that the specific field for 'Officer Comp' in the provided summary does not capture all executive remuneration. This lack of direct disclosure for executive pay could be a transparency concern.
How does the recent operating deficit in 2023 impact the organization's long-term financial health?
While the 2023 fiscal period showed expenses ($68,535,484) exceeding revenue ($65,202,367), this single deficit follows three years of revenue exceeding expenses. Given the substantial increase in assets to $73,470,839, this deficit might be manageable and could be due to strategic investments or one-time expenditures rather than a systemic issue. Continued monitoring of future filings would be important.
Filing History
IRS 990 filing history for United Way Of New York City showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of New York City's revenue has declined by 16.9%, moving from $78.5M to $65.2M. Total assets increased by 24.5% over the same period, from $41.4M to $51.6M. Total functional expenses fell by 11.4%, from $77.3M to $68.5M. In its most recent filing year (2023), United Way Of New York City reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $37.3M in liabilities against $51.6M in assets (debt-to-asset ratio: 72.4%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65.2M | $68.5M | $51.6M | $37.3M | — | View 990 |
| 2022 | $63.6M | $56.0M | $37.7M | $21.2M | — | View 990 |
| 2021 | $61.0M | $60.8M | $40.5M | $29.7M | — | View 990 |
| 2020 | $60.3M | $57.2M | $45.5M | $36.7M | — | View 990 |
| 2019 | $54.1M | $56.7M | $32.0M | $25.6M | — | View 990 |
| 2018 | $60.7M | $62.1M | $33.3M | $24.5M | — | View 990 |
| 2017 | $62.5M | $64.3M | $35.9M | $26.3M | — | View 990 |
| 2016 | $62.7M | $63.9M | $36.7M | $27.6M | — | View 990 |
| 2015 | $57.5M | $55.3M | $36.7M | $23.9M | — | View 990 |
| 2014 | $58.7M | $58.5M | $37.8M | $24.9M | — | View 990 |
| 2013 | $68.2M | $67.0M | $39.1M | $26.3M | — | View 990 |
| 2012 | $67.5M | $67.5M | $30.0M | $24.1M | — | View 990 |
| 2011 | $78.5M | $77.3M | $41.4M | $26.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65.2M, expenses of $68.5M, and assets of $51.6M (revenue +2.6% year-over-year).
- 2022: Revenue of $63.6M, expenses of $56.0M, and assets of $37.7M (revenue +4.1% year-over-year).
- 2021: Revenue of $61.0M, expenses of $60.8M, and assets of $40.5M (revenue +1.3% year-over-year).
- 2020: Revenue of $60.3M, expenses of $57.2M, and assets of $45.5M (revenue +11.3% year-over-year).
- 2019: Revenue of $54.1M, expenses of $56.7M, and assets of $32.0M (revenue -10.8% year-over-year).
- 2018: Revenue of $60.7M, expenses of $62.1M, and assets of $33.3M (revenue -2.8% year-over-year).
- 2017: Revenue of $62.5M, expenses of $64.3M, and assets of $35.9M (revenue -0.4% year-over-year).
- 2016: Revenue of $62.7M, expenses of $63.9M, and assets of $36.7M (revenue +9.1% year-over-year).
- 2015: Revenue of $57.5M, expenses of $55.3M, and assets of $36.7M (revenue -2.1% year-over-year).
- 2014: Revenue of $58.7M, expenses of $58.5M, and assets of $37.8M (revenue -13.9% year-over-year).
- 2013: Revenue of $68.2M, expenses of $67.0M, and assets of $39.1M (revenue +1.1% year-over-year).
- 2012: Revenue of $67.5M, expenses of $67.5M, and assets of $30.0M (revenue -14.0% year-over-year).
- 2011: Revenue of $78.5M, expenses of $77.3M, and assets of $41.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of New York City:
Data Sources and Methodology
This transparency report for United Way Of New York City 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.