United Way of Southwestern Indiana Inc

Analysis

United Way of Southwestern Indiana Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in November 1959, 67 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 December 2023, United Way of Southwestern Indiana Inc reported income of $4.5m and spending of $3.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.5m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 92% 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 Southwestern Indiana Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Nebraska Enterprise Fund ($4.5m), Eastern Carolina Communityfoundation Inc ($4.5m) and Evanston Community Foundation Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $154k (4.0% of expenses). Other salaries and wages came to $515k. At year end it held assets of $8.5m against liabilities of $2.5m, net assets of $6.0m. It reported 14 employees.