United Way of the Kearney Area Inc

Analysis

United Way of the Kearney Area Inc is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in April 1971, 55 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, United Way of the Kearney Area Inc reported income of $345k and spending of $449k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $710k to $345k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of the Kearney Area Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NE. Charities of a similar size with the same main cause include North Branch Area Hockey Association Inc ($345k), Northern Lights Library Network ($345k) and Kickers FC ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $110k. At year end it held assets of $390k against liabilities of $31k, net assets of $359k. It reported 5 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.