United Way of McLean County

Analysis

United Way of McLean County is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 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 McLean County reported income of $754k and spending of $1.0m, spending 136% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $1.0m to $754k (-25%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income rose by 176%. 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 McLean County sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include The Huron County Community Foundation ($753k), Fwa of New York Inc ($755k) and Oklahoma City Community College Foundation ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $99k (9.6% of expenses). Other salaries and wages came to $238k. At year end it held assets of $1.7m against liabilities of $89k, net assets of $1.6m. It reported 6 employees.