United Way of Hernando County Inc

Analysis

United Way of Hernando County Inc is a registered charity in United States, based in Spring Hill, FL. It received its IRS tax-exemption ruling in May 1989, 37 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 Hernando County Inc reported income of $429k and spending of $532k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $485k to $429k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 109% 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 Hernando County Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include William Mason Harding and Rosina Fairman Harding Foundation ($428k), Lesley & Rhyan Prather Foundation ($429k) and Ananta Giving Foundation ($428k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $95k. At year end it held assets of $348k against liabilities of $5,425, net assets of $343k. It reported 7 employees.