United Way of Haywood County Inc

Analysis

United Way of Haywood County Inc is a registered charity in United States, based in Waynesville, NC. 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 2024, United Way of Haywood County Inc reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $262k to $1.7m (+565%), an average of +61% a year. The sharpest change came in the year to June 2024, when income rose by 382%. Over the whole period it spent 94% 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 Haywood County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Massillon Museum ($1.7m), New Harvest Inc ($1.7m) and Aberdeen Area Boys and Girls Club ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $57k (3.2% of expenses). Other salaries and wages came to $39k. At year end it held assets of $836k against liabilities of $211k, net assets of $625k. It reported 2 employees.