Lake Area United Way Inc

Analysis

Lake Area United Way Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in September 1939, 87 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, Lake Area United Way Inc reported income of $465k and spending of $517k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $545k to $465k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Area United Way Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Evelyn Lilly Lutz Foundation ($465k), Academics in Motion Inc ($465k) and Ucp Seguin of Greater Chicago Foundation ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $111k. At year end it held assets of $1.2m against liabilities of $148k, net assets of $1.0m. It reported 4 employees.