Erath County United Way

Analysis

Erath County United Way is a registered charity in United States, based in Stephenville, TX. It received its IRS tax-exemption ruling in November 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 December 2023, Erath County United Way reported income of $581k and spending of $428k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $581k (+133%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Erath County United Way sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Putnam Valley Volunteer Ambulance Corp Inc ($581k), Lancaster County Society for Historical Preservation Inc ($581k) and Candlelighters of Brevard Inc ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $68k. At year end it held assets of $785k against liabilities of $1,326, net assets of $783k. It reported 5 employees.