United Way of Rock River Valley

Analysis

United Way of Rock River Valley is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in July 1937, 89 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 Rock River Valley reported income of $2.7m and spending of $2.1m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $2.7m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 84% 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 Rock River Valley sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Latino Community Fund Inc ($2.7m), Wynn Resorts Limited Employee Foundation ($2.7m) and St Croix Foundation for Community Development Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $814k. At year end it held assets of $8.6m against liabilities of $401k, net assets of $8.2m. It reported 16 employees.