United Way of Henderson County

Analysis

United Way of Henderson County is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in April 1972, 54 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 December 2023, United Way of Henderson County reported income of $511k and spending of $479k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $582k to $511k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 96% 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 Henderson County sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Wellsboro Community Foundation Inc ($510k), Paris-Henry County Healthcare Foundation Inc ($511k) and Anabi Family Foundation ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $146k. At year end it held assets of $2.1m against liabilities of $184k, net assets of $1.9m. It reported 3 employees.