United Way of Greater Lorain County

Analysis

United Way of Greater Lorain County is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in November 1967, 59 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 Greater Lorain County reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $2.8m (+1.2%), an average of +0.3% a year. Over the whole period it spent 100% 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 Greater Lorain County sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Greater Houston Community Foundation ($2.8m), The Burkitt Foundation ($2.8m) and Lulac Institute Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $195k (6.7% of expenses). Other salaries and wages came to $487k. At year end it held assets of $4.5m against liabilities of $1.1m, net assets of $3.4m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.