United Way of Indian River County Inc

Analysis

United Way of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in September 1965, 61 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, United Way of Indian River County Inc reported income of $3.2m and spending of $3.5m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.9m to $3.2m (+10%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 103% 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 Indian River County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Wisdom Inc ($3.2m), Rainbow Railroad USA Inc ($3.2m) and Barry County Community Foundation ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $123k (3.5% of expenses). Other salaries and wages came to $453k. At year end it held assets of $3.7m against liabilities of $1.8m, net assets of $1.9m. It reported 15 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.