United Way of East Central Iowa

Analysis

United Way of East Central Iowa is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in May 1963, 63 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 2024, United Way of East Central Iowa reported income of $6.8m and spending of $6.6m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $8.5m to $6.8m (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 98% 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 East Central Iowa sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Maricopa County Community College District Foundation ($6.8m), Liberty Ukraine Foundation ($6.8m) and Fund for Kipp St Louis ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $300k (4.5% of expenses). Other salaries and wages came to $910k. At year end it held assets of $19.2m against liabilities of $3.7m, net assets of $15.4m. It reported 33 employees.