Souris Valley United Way

Analysis

Souris Valley United Way is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in December 1953, 73 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 January 2024, Souris Valley United Way reported income of $937k and spending of $815k, spending 87% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $954k to $937k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to January 2021, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Souris Valley 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 77th percentile within ND. Charities of a similar size with the same main cause include United Way of Western Kentucky Inc ($936k), St Sebastian Parish Foundation ($937k) and Greater Douglas United Way ($935k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $76k (9.3% of expenses). Other salaries and wages came to $100k. At year end it held assets of $2.2m against liabilities of $444k, net assets of $1.8m. It reported 5 employees.