United Way of Cache Valley

Analysis

United Way of Cache Valley is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable 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, United Way of Cache Valley reported income of $225k and spending of $242k, spending 108% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $68k to $225k (+232%), an average of +82% a year. The sharpest change came in the year to June 2023, when income rose by 219%. Over the whole period it spent 129% 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 Cache Valley sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within UT. Charities of a similar size with the same main cause include Union Mills Homestead Foundation Inc ($225k), Journal of Medicine and Philosohpy Inc ($225k) and All Gods Children Inc Christ the King Lutheran Church ($225k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $167k. At year end it held assets of $105k against liabilities of $14k, net assets of $91k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.