United Way of Greater McHenry County Inc

Analysis

United Way of Greater McHenry County Inc is a registered charity in United States, based in McHenry, IL. It received its IRS tax-exemption ruling in December 1966, 60 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 Greater McHenry County Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $1.5m (-1.3%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 100% 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 Greater McHenry County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Thomas Alva Edison Foundation ($1.5m), United Way of Onslow County Inc ($1.5m) and YMCA Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $100k (7.4% of expenses). Other salaries and wages came to $182k. At year end it held assets of $1.3m against liabilities of $4,795, net assets of $1.3m. It reported 4 employees.