United Way of Kent County Inc

Analysis

United Way of Kent County Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in February 1973, 53 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 2023, United Way of Kent County Inc reported income of $190k and spending of $260k, spending 137% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $261k to $190k (-27%), an average of -7.6% a year. The sharpest change came in the year to August 2020, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Kent County Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Palm Springs Pathfinders ($190k), Kindworks Inc ($190k) and Ralph a Beebee Charitable TR ($190k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). At year end it held assets of $365k against liabilities of $29k, net assets of $336k. It reported 2 employees.