United Way Foundation of Abilene

Analysis

United Way Foundation of Abilene is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in September 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Way Foundation of Abilene reported income of $1.9m and spending of $40k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $1.9m (+1224%), an average of +91% a year. The sharpest change came in the year to December 2020, when income rose by 394%. Over the whole period it spent 4.6% 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 Foundation of Abilene sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include United Way of West Tennessee Inc ($1.9m), Community Foundation of Union County Inc ($1.9m) and Microgrants ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $6.7m against liabilities of $118k, net assets of $6.6m.