United Way of Skagit County

Analysis

United Way of Skagit County is a registered charity in United States, based in Burlington, WA. It received its IRS tax-exemption ruling in September 1964, 62 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 Skagit County reported income of $572k and spending of $725k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $850k to $572k (-33%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 114% 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 Skagit 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 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Incubator for Emerging Jewish Initiatives Inc ($572k), Philanthropy Delaware Inc ($573k) and Danville Public School Foundation Inc ($572k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $132k. At year end it held assets of $748k against liabilities of $71k, net assets of $677k. It reported 11 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.