United Way of Lincoln County

Analysis

United Way of Lincoln County is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in September 1971, 55 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 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 March 2023, United Way of Lincoln County reported income of $579k and spending of $387k, leaving 33% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $402k to $579k (+44%), an average of +9.6% a year. The sharpest change came in the year to March 2023, when income rose by 104%. Over the whole period it spent 96% 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 Lincoln County 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 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include St Johns Episcopal Holdings Corp ($579k), Mighty Acorn Foundation Inc ($580k) and Bloomington-Normal YMCA Charitable Foundation NFP ($578k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (21% of expenses). Other salaries and wages came to $19k. At year end it held assets of $537k against liabilities of $13k, net assets of $524k. It reported 4 employees.