Cedar Valley United Way

Analysis

Cedar Valley United Way is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in December 1957, 69 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 December 2023, Cedar Valley United Way reported income of $2.0m and spending of $2.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.0m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cedar Valley United Way sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include The San Bruno Community Foundation ($2.0m), Yaldei Shluchei Harebbe Special Needs Organization ($2.0m) and Housewares Charity Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $104k (4.7% of expenses). Other salaries and wages came to $271k. At year end it held assets of $2.3m against liabilities of $921k, net assets of $1.4m. It reported 8 employees.