United Way of Yellowstone County Inc

Analysis

United Way of Yellowstone County Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in November 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 June 2023, United Way of Yellowstone County Inc reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.5m (+13%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 95% 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 Yellowstone County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MT. Charities of a similar size with the same main cause include Arizona School Choice Trust Inc ($2.5m), Cerity Partners Foundation ($2.5m) and Shelton Academy Education Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $155k (6.3% of expenses). Other salaries and wages came to $715k. At year end it held assets of $4.2m against liabilities of $729k, net assets of $3.4m. It reported 65 employees.