Brookings Area United Way

Analysis

Brookings Area United Way is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Brookings Area United Way reported income of $3.1m and spending of $1.0m, leaving 66% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $1.0m to $3.1m (+204%), an average of +32% a year. The sharpest change came in the year to January 2024, when income rose by 146%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brookings Area United Way sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within SD. Charities of a similar size with the same main cause include Capstone Legacy Foundation Inc ($3.1m), Louisiana Chamber of Commerce Foundation Inc ($3.1m) and Jericho Road Ministries Inc ($3.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Other salaries and wages came to $158k. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m. It reported 8 employees.