United Way of Knox County Ohio Inc

Analysis

United Way of Knox County Ohio Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in December 1986, 40 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 Knox County Ohio Inc reported income of $1.2m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 104% 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 Knox County Ohio Inc 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 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Hope Alliance Public Benefit Non-Profit Corporation ($1.2m), Allied Housing Inc ($1.2m) and St Lucians Residence Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $69k (6.1% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.4m against liabilities of $627k, net assets of $810k. It reported 7 employees.