United Way of Martin County Inc

Analysis

United Way of Martin County Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in July 1976, 50 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 June 2023, United Way of Martin County Inc reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.6m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2021, when income rose by 172%. 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 Martin County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Volunteer NH ($2.6m), Heart of Indiana United Way Inc ($2.6m) and The Nelson Family Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $258k (11% of expenses). Other salaries and wages came to $330k. At year end it held assets of $2.9m against liabilities of $1.5m, net assets of $1.3m. It reported 10 employees.