United Fund of Stokes County Inc

Analysis

United Fund of Stokes County Inc is a registered charity in United States, based in King, 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 December 2023, United Fund of Stokes County Inc reported income of $110k and spending of $119k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $110k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income rose by 349%. Over the whole period it spent 111% 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 Fund of Stokes County Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Marcus Marquette Booster Club ($110k), Tech NYC Foundation ($110k) and Brownwood Foundation for Excellence ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $16k (14% of expenses). At year end it held assets of $224k against liabilities of $53k, net assets of $171k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.