United Way of the Bluegrass Inc

Analysis

United Way of the Bluegrass Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Bluegrass Inc reported income of $5.2m and spending of $4.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.2m (+28%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Way of the Bluegrass Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Maryland Neighborly Networks Incorporated ($5.2m), Central Family Life Center ($5.2m) and Feed My People ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $266k (6.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.0m against liabilities of $1.3m, net assets of $3.8m. It reported 43 employees.