United Way of Grand Forks East Grand Forks and Area Inc

Analysis

United Way of Grand Forks East Grand Forks and Area Inc is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in August 1957, 69 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 2023, United Way of Grand Forks East Grand Forks and Area Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $565k to $1.0m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Grand Forks East Grand Forks and Area Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within ND. Charities of a similar size with the same main cause include Boys and Girls Club of Faulkner County Arkansas Inc ($1.0m), Tri-County Busing Inc ($1.0m) and Space Coast Recovery Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $99k (9.1% of expenses). Other salaries and wages came to $206k. At year end it held assets of $1.0m against liabilities of $339k, net assets of $687k. It reported 12 employees.