United Way of Monroe County Inc

Analysis

United Way of Monroe County Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 1958, 68 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 Monroe County Inc reported income of $1.4m and spending of $1.8m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 86% 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 Monroe County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Greater Houston Community Foundation ($1.4m), Cops for Kids with Cancer Inc ($1.4m) and Safe Nest Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $83k (4.5% of expenses). At year end it held assets of $3.2m against liabilities of $388k, net assets of $2.8m. It reported 10 employees.