United Way of Will County

Analysis

United Way of Will County is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in September 1965, 61 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 Will County reported income of $2.8m and spending of $2.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.8m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income dropped by 49%. Over the whole period it spent 96% 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 Will County sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Rupani Foundation ($2.8m), Greensboro Jewish Federation ($2.8m) and Seacrest Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $79k (3.1% of expenses). Other salaries and wages came to $444k. At year end it held assets of $3.4m against liabilities of $195k, net assets of $3.2m. It reported 7 employees.