United Way of Laurel County Inc

Analysis

United Way of Laurel County Inc is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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 May 2024, United Way of Laurel County Inc reported income of $51k and spending of $42k, spending 84% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $134k to $51k (-62%), an average of -22% a year. The sharpest change came in the year to May 2024, when income dropped by 69%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Laurel County Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within KY. Charities of a similar size with the same main cause include National Assistance League ($51k), Brook Park Booster Club ($51k) and Redwood Pigskin Club ($51k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $21k (49% of expenses). At year end it held assets of $650k against liabilities of $0, net assets of $650k. It reported 1 employees.