United Way of Acadiana Inc

Analysis

United Way of Acadiana Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in June 1961, 65 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 Acadiana Inc reported income of $4.8m and spending of $4.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.8m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 92% 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 Acadiana 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 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Lake County Community Foundation ($4.8m), Western Indiana Community Foundation Inc ($4.8m) and Hope for New York ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $117k (2.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $8.1m against liabilities of $668k, net assets of $7.4m. It reported 59 employees.