United Way of Howard County Inc

Analysis

United Way of Howard County Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in October 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 2021, United Way of Howard County Inc reported income of $1.5m and spending of $2.0m, spending 131% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.6m to $1.5m (-5.1%), an average of -2.6% a year. Over the whole period it spent 128% 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 Howard County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Foundation of the New York Armenian Home Inc ($1.5m), The Rockland Community Foundation ($1.5m) and Ashland Area Foundation ($1.5m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $68k (3.4% of expenses). Other salaries and wages came to $443k. At year end it held assets of $722k against liabilities of $820k, net assets of -$98k. It reported 11 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.