United Way of Nobles County

Analysis

United Way of Nobles County is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in July 1979, 47 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 August 2023, United Way of Nobles County reported income of $182k and spending of $293k, spending 162% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $186k to $182k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to August 2021, when income rose by 93%. Over the whole period it spent 91% 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 Nobles County sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Hm3 Partners Independence Fund Inc ($182k), Hibret Association ($182k) and Bco Benevolence Fund Inc ($182k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $299k against liabilities of $77k, net assets of $223k.