United Way of Laurens County Inc

Analysis

United Way of Laurens County Inc is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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 Laurens County Inc reported income of $834k and spending of $688k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $405k to $834k (+106%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Laurens County Inc 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 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Stapleton Volunteer Fire Department Inc ($834k), Safety Council of East Texas Inc ($834k) and Salvadoran American Leadership and Educational Fund ($834k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (9.1% of expenses). Other salaries and wages came to $98k. At year end it held assets of $735k against liabilities of $15k, net assets of $720k. It reported 3 employees.