United Way of Grayson County Inc

Analysis

United Way of Grayson County Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in November 1970, 56 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 Grayson County Inc reported income of $780k and spending of $916k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $740k to $780k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 105% 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 Grayson County Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Riverside Family Clinic ($780k), East Smithfield Public Library ($780k) and U L C Inc ($780k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $273k. At year end it held assets of $789k against liabilities of $22k, net assets of $766k. It reported 8 employees.