Waverly-Shell Rock Area United Way Inc

Analysis

Waverly-Shell Rock Area United Way Inc is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in March 1990, 36 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, Waverly-Shell Rock Area United Way Inc reported income of $279k and spending of $364k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $279k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Waverly-Shell Rock Area United Way Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include United Way of Scotland County Inc ($279k), Friends of Montessori Foundation ($279k) and Festa Do Divino Espirito Santo of Oakdale ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (16% of expenses). At year end it held assets of $420k against liabilities of $151k, net assets of $269k.