United Way of Posey County Inc

Analysis

United Way of Posey County Inc is a registered charity in United States, based in Mount Vernon, IN. It received its IRS tax-exemption ruling in December 1971, 55 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 Posey County Inc reported income of $472k and spending of $546k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $575k to $472k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 95% 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 Posey County Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Dayforce Cares US ($472k), Butler Family Community Foundation ($472k) and American Friends of Kehillat Nofei Hashemesh ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $118k (22% of expenses). At year end it held assets of $918k against liabilities of $427k, net assets of $491k. It reported 2 employees.