United Way of Lake County Inc

Analysis

United Way of Lake County Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in November 1972, 54 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 Lake County Inc reported income of $1.8m and spending of $1.8m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $1.8m (-16%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 93% 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 Lake County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Apace Foundation ($1.8m), Electric Boat Employees Community Service Association ($1.8m) and Tamar and Jonathan Koschitzky Family Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $88k (4.7% of expenses). Other salaries and wages came to $278k. At year end it held assets of $3.9m against liabilities of $966k, net assets of $2.9m. It reported 8 employees.