United Way of the Coalfield Inc

Analysis

United Way of the Coalfield Inc is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in February 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 December 2023, United Way of the Coalfield Inc reported income of $194k and spending of $215k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $194k (-8.5%), an average of -2.2% a year. Over the whole period it spent 119% 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 the Coalfield Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include Africas Brain Bank ($194k), Vermont Catholic Community Foundation Inc ($194k) and Gapaba Law Foundation Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $49k (23% of expenses). Other salaries and wages came to $11k. At year end it held assets of $243k against liabilities of $120k, net assets of $123k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.