United Way of the Ohio Valley Inc

Analysis

United Way of the Ohio Valley Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in July 1934, 92 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 the Ohio Valley Inc reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.8m to $1.6m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income rose by 17%. 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 the Ohio Valley Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include United Way of the Lower Eastern Shore Inc ($1.6m), East Texas Yamboree Association ($1.6m) and Olympic College Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $94k (5.3% of expenses). Other salaries and wages came to $245k. At year end it held assets of $2.0m against liabilities of $990k, net assets of $1.0m. It reported 8 employees.