Marshalltown Area United Way

Analysis

Marshalltown Area United Way is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in July 1960, 66 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 March 2024, Marshalltown Area United Way reported income of $906k and spending of $846k, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $842k to $906k (+7.6%), an average of +1.9% a year. The sharpest change came in the year to March 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marshalltown Area United Way 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 81st percentile within IA. Charities of a similar size with the same main cause include Edge Funders Alliance ($905k), Brooks Skilled Nursing Facility Holdings a Inc ($907k) and United Way of the Concho Valley Inc ($905k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $67k (7.9% of expenses). Other salaries and wages came to $52k. At year end it held assets of $1.2m against liabilities of $570k, net assets of $588k. It reported 5 employees.