United Way of Vermillion

Analysis

United Way of Vermillion is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in November 1987, 39 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 Vermillion reported income of $289k and spending of $308k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $440k to $289k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 87% 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 Vermillion sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within SD. Charities of a similar size with the same main cause include Big Brothers Big Sisters of North West Georgia Mountains ($289k), Hale Mahaolu Ehiku Inc ($289k) and Volunteers of America Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $91k. At year end it held assets of $781k against liabilities of $291k, net assets of $489k. It reported 4 employees.