Norfolk Area United Way Inc

Analysis

Norfolk Area United Way Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in May 1967, 59 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, Norfolk Area United Way Inc reported income of $497k and spending of $487k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $732k to $497k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norfolk Area United Way Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Fifth C Foundation Inc ($497k), The Credit Union Foundation of New Mexico Inc ($497k) and The Salopek Foundation ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $50k (10% of expenses). At year end it held assets of $1.5m against liabilities of $17k, net assets of $1.5m. It reported 1 employees.