United Way of Muscatine Iowa Incorporated

Analysis

United Way of Muscatine Iowa Incorporated is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in May 1956, 70 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 December 2023, United Way of Muscatine Iowa Incorporated reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-24%), an average of -6.6% a year. Over the whole period it spent 98% 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 Muscatine Iowa Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include The House of Ruth Inc ($1.2m), Lincoln Eap Inc ($1.2m) and Bountiful Childrens Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $109k (8.3% of expenses). Other salaries and wages came to $232k. At year end it held assets of $821k against liabilities of $224k, net assets of $597k. It reported 10 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.