United Way of Frederick County Incorporated

Analysis

United Way of Frederick County Incorporated is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 1939, 87 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 2024, United Way of Frederick County Incorporated reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $3.0m (+67%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 86%. Over the whole period it spent 102% 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 Frederick County Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Leave No Veteran Behind ($3.0m), Evsc Foundation Inc ($3.0m) and Jeff Gordon Childrens Foundation ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $148k (5.0% of expenses). Other salaries and wages came to $450k. At year end it held assets of $1.2m against liabilities of $552k, net assets of $690k. It reported 12 employees.