Heart of Arkansas United Way

Analysis

Heart of Arkansas United Way is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 1960, 66 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 2023, Heart of Arkansas United Way reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.4m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heart of Arkansas United Way sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within AR. Charities of a similar size with the same main cause include United Way of Pinal County Inc ($1.4m), American International School of Bamako Foundation ($1.4m) and Parley Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $152k (13% of expenses). Other salaries and wages came to $164k. At year end it held assets of $2.8m against liabilities of $287k, net assets of $2.6m. It reported 5 employees.