United Way of St Joseph County Inc

Analysis

United Way of St Joseph County Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 1963, 63 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 St Joseph County Inc reported income of $5.4m and spending of $2.5m, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $5.4m (+43%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 60% 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 St Joseph County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include United Way of Greater High Point Inc ($5.4m), Unionport Foundation Inc ($5.4m) and Beygood Foundation ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $245k (9.9% of expenses). Other salaries and wages came to $744k. At year end it held assets of $14.5m against liabilities of $3.7m, net assets of $10.8m. It reported 19 employees.