United Way of Kentucky

Analysis

United Way of Kentucky is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1984, 42 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 June 2023, United Way of Kentucky reported income of $944k and spending of $3.0m, spending 321% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $296k to $944k (+219%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 1436%. Over the whole period it spent 86% 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 of Kentucky sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include St Petersburg Foundation Inc ($944k), Ruth Cheatham Foundation College Fund ($945k) and United Way of Cayuga County Inc ($944k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $114k (3.8% of expenses). Other salaries and wages came to $139k. At year end it held assets of $3.0m against liabilities of $1.7m, net assets of $1.3m. It reported 4 employees.