United Way of the Black Hills

Analysis

United Way of the Black Hills is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in September 1959, 67 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, United Way of the Black Hills reported income of $1.9m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.9m (-29%), an average of -8.1% a year. 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 the Black Hills sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within SD. Charities of a similar size with the same main cause include Alabama Symphony Endowment ($1.9m), 914 Cares Inc ($1.9m) and Center for Discovery Magnet Services Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $142k (7.7% of expenses). Other salaries and wages came to $218k. At year end it held assets of $8.9m against liabilities of $392k, net assets of $8.5m. It reported 11 employees.