United Way Foundation of Indian River County Inc

Analysis

United Way Foundation of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in February 2012, 14 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, United Way Foundation of Indian River County Inc reported income of $989k and spending of $250k, leaving 75% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $881k to $989k (+12%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 168%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way Foundation of Indian River County Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Plymouth Community United Way ($986k), Genesis at the Crossroads Inc ($990k) and African Childrens Schools ($986k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $14k (5.5% of expenses). Other salaries and wages came to $44k. At year end it held assets of $6.7m against liabilities of $232k, net assets of $6.4m.