United Way Worldwide Tops Forbes America's Top Charities 2019 List

United Way Worldwide Tops Forbes America's Top Charities 2019 List

United Way Worldwide once again tops Forbes' 2019 annual ranking of the one hundred charities that raised the most in private contributions during their most recent fiscal year.

In the fiscal year ending in June, United Way Worldwide received total contributions of $3.3 billion, down 5.7 percent from 2018 and down 20 percent from 2007, as it continued to lose ground to donor-advised funds and new workplace giving platforms such as BenevityForbes reports. Still, contributions to the organization remained well ahead of second-place Feeding America, which received $2.76 billion, up 3.8 percent from 2018. Ranked third on the "America's Top Charities 2019" list was the Task Force for Global Health ($2.6 billion), followed by the Salvation Army ($2 billion), St. Jude Children's Research Hospital ($1.7 billion), the American Red Cross ($1.5 billion), Direct Relief ($1.4 billion), Habitat for Humanity ($1.4 billion), The Y ($1.1 billion), and AmeriCares ($1 billion). The only charity to make its debut on this year's list was Ronald McDonald House Charities, in ninety-eighth spot, with contributions of $149 million.

According to Forbes, the top hundred nonprofits collectively received more than $51.5 billion in private contributions in their most recent fiscal year — a year-over-year increase of 4.9 percent — and, according to Giving USA 2019, accounted for 12 percent of the estimated $427.7 billion received in 2018 by the more than a million charities in the United States.

In addition, seventeen of the charities on the list reported total compensation of more than $1 million for at least one executive, including $12,457,914 at Mount Sinai Health System, which ranked no. 28 with $572 million in contributions; $7,407,452 at New York-Presbyterian Hospital (no. 59, $272 million); and $4,326,820 at Cedars-Sinai Medical Center (no. 68, $227 million). The highest average compensation among the hundred organizations on the list was $954,998, up 20 percent from 2018.

For each charity on the list, Forbes also calculated ratios for "charitable commitment," or how much of a charity's total spending was for program expenses or support; "fundraising efficiency," or the percentage of private contributions remaining after deducting the cost of securing them; and "donor dependency," or the ratio of revenues to expenses. According to Forbes, the average charitable commitment ratio for all hundred organizations ticked up to 87 percent, from 86 percent last year, while the fundraising efficiency ratio remained unchanged at 91 percent and the donor dependency ratio fell to 66 percent, down from 73 percent in 2018, suggesting that charities were able to put away more of their revenue for the future.