Heart of Illinois United Way Inc

Analysis

Heart of Illinois United Way Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in August 1964, 62 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 June 2023, Heart of Illinois United Way Inc reported income of $9.4m and spending of $8.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $9.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart of Illinois United Way Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Tri-County Child and Family Development Council Inc ($9.4m), Equip for Equality Inc ($9.4m) and Fund for Constitutional Government ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $437k (4.9% of expenses). Other salaries and wages came to $784k. At year end it held assets of $14.4m against liabilities of $6.8m, net assets of $7.6m. It reported 20 employees.