United Way of Central Iowa

Analysis

United Way of Central Iowa is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 1938, 88 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Central Iowa reported income of $27.8m and spending of $27.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.8m to $27.8m (-6.8%), an average of -1.8% a year. Over the whole period it spent 100% 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 Central Iowa 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 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Young Men Christian Association of Western North Carolina ($27.7m), Park Duvalle Community Health Center Inc ($27.8m) and Learning Tree Inc ($27.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $531k (1.9% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $38.0m against liabilities of $2.9m, net assets of $35.1m. It reported 92 employees.