United Way of Dane County Inc

Analysis

United Way of Dane County Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1951, 75 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 Dane County Inc reported income of $21.1m and spending of $21.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.9m to $21.1m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 99% 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 Dane County Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Desertarc ($21.1m), Duluth Regional Care Center Inc ($21.1m) and New York State Federation of Growers and Processors Association ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $791k (3.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $23.5m against liabilities of $5.7m, net assets of $17.7m. It reported 128 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.