United Way of Lake and Sumter Counties Inc

Analysis

United Way of Lake and Sumter Counties Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in September 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, United Way of Lake and Sumter Counties Inc reported income of $1.2m and spending of $1.5m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.2m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 96% 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 Lake and Sumter Counties 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 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Suffolk Foundation ($1.2m), Nami Greater Houston ($1.2m) and Froedtert Menomonee Falls Hospital Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $570k. At year end it held assets of $2.6m against liabilities of $326k, net assets of $2.3m. It reported 22 employees.