United Way of Portage County Inc

Analysis

United Way of Portage County Inc is a registered charity in United States, based in Stevens Point, WI. It received its IRS tax-exemption ruling in August 1975, 51 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 Portage County Inc reported income of $3.5m and spending of $3.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.5m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 89% 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 Portage County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Kappa Sigma Endowment Fund ($3.5m), High Plains Childrens Home and Family Services ($3.5m) and Company of the Redwood Library and Athenaem ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $428k (12% of expenses). At year end it held assets of $8.5m against liabilities of $341k, net assets of $8.1m. It reported 14 employees.