United Way of the River Cities Inc

Analysis

United Way of the River Cities Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in January 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of the River Cities Inc reported income of $1.6m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 101% 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 River Cities Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include Allen County Council on Aging ($1.6m), Hillel the Foundation for Jewish Campus Life ($1.6m) and North Central Ministry Development Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $112k (9.7% of expenses). Other salaries and wages came to $393k. At year end it held assets of $3.1m against liabilities of $321k, net assets of $2.8m. It reported 18 employees.