United Way of Butte and Anaconda

Analysis

United Way of Butte and Anaconda is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in December 1953, 73 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 Butte and Anaconda reported income of $91k and spending of $109k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $123k to $91k (-27%), an average of -7.4% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 98% 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 Butte and Anaconda sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MT. Charities of a similar size with the same main cause include General Federation of Womens Club ($91k), Society for Promoting Theological Education ($91k) and Moraine Symphony Orchestra Inc ($91k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (33% of expenses). Other salaries and wages came to $5,354. At year end it held assets of $63k against liabilities of $28k, net assets of $35k. It reported 2 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.