United Way of Knox County Inc

Analysis

United Way of Knox County Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in September 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 December 2023, United Way of Knox County Inc reported income of $404k and spending of $424k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $404k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income rose by 155%. Over the whole period it spent 86% 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 Knox County Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Albuquerque Hispano Chamber of Commerce Foundation ($404k), Sober Living ($404k) and Waxahachie Band Boosters Club ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $52k (12% of expenses). Other salaries and wages came to $68k. At year end it held assets of $880k against liabilities of $68k, net assets of $812k. It reported 7 employees.