United Way of Henry County

Analysis

United Way of Henry County is a registered charity in United States, based in Napoleon, OH. It received its IRS tax-exemption ruling in May 1982, 44 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 Henry County reported income of $273k and spending of $384k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $273k (-20%), an average of -5.5% a year. Over the whole period it spent 116% 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 Henry County sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Burrillville Glocester Youth Soccer Assoc ($273k), Habitat for Humanity International Inc ($273k) and Northland Lutheran Home Health Services Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $27k. At year end it held assets of $951k against liabilities of $144k, net assets of $808k. It reported 3 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.