United Way of Northeast Kentucky

Analysis

United Way of Northeast Kentucky is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in June 1978, 48 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 Northeast Kentucky reported income of $521k and spending of $696k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $941k to $521k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 110% 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 Northeast Kentucky sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Ends of the Earth Ministries ($521k), The Dee Howard Foundation ($521k) and Map Global Inc ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $169k. At year end it held assets of $1.8m against liabilities of $113k, net assets of $1.7m. It reported 4 employees.