United Way of Knox County Indiana

Analysis

United Way of Knox County Indiana is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in June 1975, 51 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 Knox County Indiana reported income of $770k and spending of $911k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $770k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 98% 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 Knox County Indiana sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Small World Inc ($770k), Mt Soledad Memorial Association ($770k) and Anderson Clinic Post-Graduate Medical Education Foundation ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $75k (8.3% of expenses). Other salaries and wages came to $9,045. At year end it held assets of $999k against liabilities of $61k, net assets of $938k. It reported 4 employees.