United Way of Kitsap County

Analysis

United Way of Kitsap County is a registered charity in United States, based in Silverdale, WA. It received its IRS tax-exemption ruling in November 1955, 71 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 Kitsap County reported income of $1.1m and spending of $1.3m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $1.1m (-24%), an average of -8.6% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 115% 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 Kitsap County sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Alliance Community Foundation ($1.1m), M&m Area Community Foundation ($1.1m) and Met Cares Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $90k (6.7% of expenses). Other salaries and wages came to $361k. At year end it held assets of $3.6m against liabilities of $1.5m, net assets of $2.1m. It reported 16 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.