United Way of Washington County Maryland Inc

Analysis

United Way of Washington County Maryland Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1959, 67 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 Washington County Maryland Inc reported income of $713k and spending of $797k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $776k to $713k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 155%. 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 Washington County Maryland Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Hands to Hands Community Fund ($713k), Sisters for Life Education Fund Inc ($713k) and LL Foundation for Youth ($712k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (13% of expenses). Other salaries and wages came to $130k. At year end it held assets of $992k against liabilities of $446k, net assets of $546k. It reported 6 employees.