Interlakes Area United Way Corporation

Analysis

Interlakes Area United Way Corporation is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in October 1960, 66 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, Interlakes Area United Way Corporation reported income of $156k and spending of $165k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $185k to $156k (-16%), an average of -4.2% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Interlakes Area United Way Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within SD. Charities of a similar size with the same main cause include Chester Volunteer Fire Department ($156k), Paddlers for Humanity Inc ($156k) and SEND the Light ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $18k. At year end it held assets of $136k against liabilities of $0, net assets of $136k. It reported 1 employees.