Heartland United Way Inc

Analysis

Heartland United Way Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in May 1963, 63 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, Heartland United Way Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.9m (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heartland United Way Inc 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 NE. Charities of a similar size with the same main cause include San Diego Police Officers Association Foundation ($1.9m), International Lifeline Fund ($1.9m) and Watertown Area Community Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $182k (9.4% of expenses). Other salaries and wages came to $187k. At year end it held assets of $4.5m against liabilities of $2.4m, net assets of $2.1m. It reported 8 employees.