Metro United Way Inc

Analysis

Metro United Way Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 1938, 88 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 April 2023, Metro United Way Inc reported income of $16.2m and spending of $21.2m, spending 131% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $28.2m to $16.2m (-43%), an average of -13% a year. The sharpest change came in the year to April 2021, when income rose by 102%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Metro United Way Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Black Belt Community Foundation Inc ($16.1m), United Way Suncoast Inc ($16.3m) and Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl ($16.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $396k (1.9% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $47.4m against liabilities of $2.9m, net assets of $44.5m. It reported 84 employees.