Heart of Missouri United Way Inc

Analysis

Heart of Missouri United Way Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in March 1958, 68 years ago. 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, Heart of Missouri United Way Inc reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.9m (-5.7%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart of Missouri United Way Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include Atlantic County Economic Alliance Inc ($2.9m), World Orphans ($2.9m) and New Hampshire Association for the Blind ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $224k (8.0% of expenses). Other salaries and wages came to $381k. At year end it held assets of $3.7m against liabilities of $1.9m, net assets of $1.8m. It reported 14 employees.