United Way Inner Banks

Analysis

United Way Inner Banks is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in September 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 Inner Banks reported income of $268k and spending of $232k, spending 87% of its income. Across the 5 years on record, from March 2020 to June 2024, income fell from $278k to $268k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to March 2022, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way Inner Banks sits at the 58th percentile: it is larger than about 58% 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 Winters Parent Nursery School ($268k), The Oxnard College Foundation ($268k) and Community Healthcare Network Foundation Inc ($268k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $52k (22% of expenses). At year end it held assets of $384k against liabilities of $27k, net assets of $356k. It reported 1 employees.