United Way of Venango County Inc

Analysis

United Way of Venango County Inc is a registered charity in United States, based in Reno, PA. It received its IRS tax-exemption ruling in April 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 December 2023, United Way of Venango County Inc reported income of $758k and spending of $979k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $758k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Venango County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Preserve Vision Florida Inc ($758k), Telacu Housing-Whittier Inc ($758k) and Fair Housing Council of Suburban Philadelphia Inc ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $64k (6.6% of expenses). Other salaries and wages came to $349k. At year end it held assets of $1.6m against liabilities of $134k, net assets of $1.5m. It reported 9 employees.