Monadnock United Way Inc

Analysis

Monadnock United Way Inc is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in September 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monadnock United Way Inc reported income of $1.5m and spending of $1.8m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monadnock United Way Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NH. Charities of a similar size with the same main cause include Camp Evergreen Corporation ($1.5m), Los Angeles Lakers Youth Foundation ($1.5m) and Jin-A Child Care Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $117k (6.6% of expenses). Other salaries and wages came to $328k. At year end it held assets of $3.0m against liabilities of $77k, net assets of $2.9m. It reported 10 employees.