United Way of Greater Charlottesville

Analysis

United Way of Greater Charlottesville is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in November 1972, 54 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 Greater Charlottesville reported income of $7.1m and spending of $7.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $7.1m (+246%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 98% 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 Greater Charlottesville sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Modern Classrooms Project Inc ($7.1m), Woolworth Foundation ($7.1m) and Kearney Area Community Foundation ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $319k (4.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.6m against liabilities of $1.9m, net assets of $6.8m. It reported 26 employees.