United Way of Forsyth County Foundation

Analysis

United Way of Forsyth County Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in November 2005, 21 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Forsyth County Foundation reported income of $274k and spending of $717k, spending 262% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $221k to $274k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 219%. 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 Forsyth County Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Loma Prieta Community Foundation ($274k), Carroll Electric Membership Foundat Ion Inc ($274k) and Michigan Elks Association Charitable Organization Inc ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $82k (11% of expenses). Other salaries and wages came to $126k. At year end it held assets of $11.6m against liabilities of $8,618, net assets of $11.6m.