United Way of Story County Inc

Analysis

United Way of Story County Inc is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in June 1972, 54 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 Story County Inc reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.6m to $2.5m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 93% 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 Story County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Chileno Bay Foundation Inc ($2.5m), Sunrise Enterprises Foundation ($2.5m) and The Elizabeth Taylor AIDS Foundation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $199k (8.2% of expenses). Other salaries and wages came to $298k. At year end it held assets of $4.1m against liabilities of $442k, net assets of $3.7m. It reported 8 employees.