United Way of Southwest Louisiana Inc

Analysis

United Way of Southwest Louisiana Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in March 1954, 72 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 June 2024, United Way of Southwest Louisiana Inc reported income of $6.3m and spending of $5.5m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $6.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 75% 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 Southwest Louisiana Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Reed Academy Inc ($6.3m), Operation Gratitude Inc ($6.3m) and Charitable Pharmacy of Central Ohio ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $302k (5.5% of expenses). Other salaries and wages came to $692k. At year end it held assets of $15.8m against liabilities of $677k, net assets of $15.2m. It reported 14 employees.