Sioux Empire United Way Inc

Analysis

Sioux Empire United Way Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in March 1957, 69 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, Sioux Empire United Way Inc reported income of $8.8m and spending of $9.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.0m to $8.8m (-20%), an average of -5.3% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sioux Empire United Way Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Troy Christian Schools Inc ($8.8m), Coahoma Opportunities Inc ($8.8m) and Save the Music Foundation ($8.8m).

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 $457k (5.1% of expenses). Other salaries and wages came to $385k. At year end it held assets of $11.9m against liabilities of $284k, net assets of $11.6m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.