In order to be completely transparent in its finances, and to be accountable to donors, United Way of Southwest Colorado is posting here its annual IRS Form 990 and Audit. The 990 is the form that nonprofit organizations are required to send to the IRS each year. While nonprofit organizations do not pay taxes as a tax exempt organization, each is required to report to the IRS on its income and expenses annually.
United Way’s overhead rate for the 12 month period from July 1, 2011 to June 30, 2012 was only 6.2% for workplace donors and those who make one-time gifts. Charity watchdog groups suggest that anything below 25% is appropriate for most nonprofit organizations. United Way of Southwest Colorado is proud to operate significantly below this level so that more of your donations go to our partner agencies.