United Way of Laramie County

Analysis

United Way of Laramie County is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in November 1959, 67 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 December 2023, United Way of Laramie County reported income of $791k and spending of $865k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $791k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 111% 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 Laramie County sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within WY. Charities of a similar size with the same main cause include Martina Spiritual Renewal Center Inc ($791k), Community Catalyst Partners Inc ($791k) and Sundara Non-Profit Housing Corp ($791k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $75k (8.7% of expenses). Other salaries and wages came to $108k. At year end it held assets of $884k against liabilities of $895k, net assets of -$10k. It reported 6 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.