United Way of Racine County Inc

Analysis

United Way of Racine County Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in July 1942, 84 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 Racine County Inc reported income of $5.0m and spending of $5.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.0m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 89% 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 Racine County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include William H Miner Foundation ($5.0m), United Way of Lane County ($5.0m) and Case Alumni Foundation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $133k (2.3% of expenses). Other salaries and wages came to $862k. At year end it held assets of $11.8m against liabilities of $2.5m, net assets of $9.4m. It reported 21 employees.