United Way of Wells County Inc

Analysis

United Way of Wells County Inc is a registered charity in United States, based in Bluffton, IN. It received its IRS tax-exemption ruling in December 1979, 47 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 March 2024, United Way of Wells County Inc reported income of $175k and spending of $273k, spending 156% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $264k to $175k (-34%), an average of -9.8% a year. The sharpest change came in the year to March 2021, when income rose by 114%. Over the whole period it spent 106% 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 Wells County Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include United Daughters of the Confederacy ($175k), PTA Florida Congress ($175k) and Old Omaha Association Inc ($175k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 83% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). Other salaries and wages came to $42k. At year end it held assets of $433k against liabilities of $22k, net assets of $411k. It reported 10 employees.