United Way of King County

Analysis

United Way of King County is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1953, 73 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 King County reported income of $108.0m and spending of $115.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $63.0m to $108.0m (+71%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 99% 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 King County sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include United Israel Appeal of Canada Inc ($107.6m), Maine Community Foundation Inc ($108.7m) and United Way of Greater Atlanta Inc ($106.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $705k (0.6% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $60.6m against liabilities of $4.8m, net assets of $55.8m. It reported 297 employees.