United Way of Southern Kentucky Inc

Analysis

United Way of Southern Kentucky Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in August 1969, 57 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 2024, United Way of Southern Kentucky Inc reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.6m to $2.8m (+8.5%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 153%. Over the whole period it spent 89% 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 Southern Kentucky Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Greensboro Jewish Federation ($2.8m), Gallatin Ice Foundation Inc ($2.8m) and United Way of Will County ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 12% of the total. Other salaries and wages came to $537k. At year end it held assets of $5.0m against liabilities of $1.4m, net assets of $3.6m. It reported 19 employees.