United Way of the Lower Eastern Shore Inc

Analysis

United Way of the Lower Eastern Shore Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in February 1974, 52 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 August 2023, United Way of the Lower Eastern Shore Inc reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.9m to $1.6m (-17%), an average of -4.4% a year. The sharpest change came in the year to August 2023, when income dropped by 20%. Over the whole period it spent 94% 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 the Lower Eastern Shore Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Olympic College Foundation ($1.6m), United Way of the Ohio Valley Inc ($1.6m) and Settlement Club Endowment Fund ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $95k (5.5% of expenses). Other salaries and wages came to $385k. It paid $6,509 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $691k, net assets of $773k. It reported 10 employees.