United Way of Boone County Illinois

Analysis

United Way of Boone County Illinois is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in July 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 Boone County Illinois reported income of $139k and spending of $133k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $139k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 105% 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 Boone County Illinois sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include The Route to Roots Corporation ($139k), Support the Troops Inc ($139k) and Mia Hamm Foundation ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $58k (44% of expenses). Other salaries and wages came to $13k. At year end it held assets of $196k against liabilities of $5,498, net assets of $190k. It reported 2 employees.