United Way of Portage County Inc

Analysis

United Way of Portage County Inc is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in December 1970, 56 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 Portage County Inc reported income of $598k and spending of $766k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $875k to $598k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 104% 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 Portage County Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Nagarathar Sangam of North America Inc ($597k), Changing Lives Foundation ($598k) and Local Boys Do Good ($597k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $175k. At year end it held assets of $1.1m against liabilities of $497k, net assets of $565k. It reported 5 employees.