United Way of North Central Iowa

Analysis

United Way of North Central Iowa is a registered charity in United States, based in Mason City, IA. 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 June 2023, United Way of North Central Iowa reported income of $873k and spending of $688k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $860k to $873k (+1.5%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 90% 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 North Central Iowa sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Swift Charities ($872k), Marion Rotary Foundation Inc ($873k) and St Jude Riders Association NFP ($872k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $69k (10% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.1m against liabilities of $330k, net assets of $762k. It reported 3 employees.