Heart of Kentucky United Way

Analysis

Heart of Kentucky United Way is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. 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 June 2023, Heart of Kentucky United Way reported income of $464k and spending of $475k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $634k to $464k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart of Kentucky United Way sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Love & Learning Center of Milam County ($464k), New Bremen Emergency Squad ($464k) and Iglesia de Dios de LA Profecia de Hempstead Inc ($464k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.4m against liabilities of $39k, net assets of $1.4m. It reported 1 employees.