Norwalk Area United Fund

Analysis

Norwalk Area United Fund is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in April 1976, 50 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, Norwalk Area United Fund reported income of $546k and spending of $474k, spending 87% of its income. Across the 5 years on record, from January 2020 to June 2023, income grew from $465k to $546k (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 193%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norwalk Area United Fund 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 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Averitt Express Associates Charities ($545k), Massachusetts LGBT Business Network Inc ($546k) and Tennessee Kidney Foundation Inc ($545k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $65k (14% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.