United Way of Western Kentucky Inc

Analysis

United Way of Western Kentucky Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in March 1973, 53 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 March 2023, United Way of Western Kentucky Inc reported income of $936k and spending of $1.9m, spending 202% of what it took in. Across the 3 years on record, from March 2020 to March 2023, income grew from $920k to $936k (+1.8%), an average of +0.9% a year. The sharpest change came in the year to March 2022, when income rose by 28%. Over the whole period it spent 118% 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 Western Kentucky Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Greater Douglas United Way ($935k), Souris Valley United Way ($937k) and Knoxville Christian Community Foundation ($934k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $192k. At year end it held assets of $2.4m against liabilities of $381k, net assets of $2.0m. It reported 4 employees.