Fremont Area United Way

Analysis

Fremont Area United Way is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in April 1947, 79 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 June 2024, Fremont Area United Way reported income of $1.6m and spending of $1.7m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.9m to $1.6m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income rose by 29%. 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, Fremont Area United Way sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Greater Fayette Community Foundation ($1.6m), Edwards Foundation Inc ($1.6m) and Friends of the League Foundation ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $100k (6.1% of expenses). Other salaries and wages came to $410k. At year end it held assets of $2.8m against liabilities of $267k, net assets of $2.5m. It reported 10 employees.