United Way of Suwannee Valley Inc

Analysis

United Way of Suwannee Valley Inc is a registered charity in United States, based in Lake City, FL. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 Suwannee Valley Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.8m (+24%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 132%. Over the whole period it spent 98% 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 Suwannee Valley Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Depaul School of North East Florida Inc ($1.8m), Oldways Preservation & Exchange Trust Inc ($1.8m) and Troy Savings Bank Music Hall Corporation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $366k. At year end it held assets of $1.6m against liabilities of $55k, net assets of $1.6m. It reported 11 employees.