United Way of Rockbridge Inc

Analysis

United Way of Rockbridge Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in November 1950, 76 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 December 2023, United Way of Rockbridge Inc reported income of $190k and spending of $270k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $206k to $190k (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 118% 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 Rockbridge Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Outpost in the Burbs ($190k), Daniella Moffson Foundation Inc ($190k) and A P Y C Inc Endowment Trust ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $38k (14% of expenses). At year end it held assets of $172k against liabilities of $3,764, net assets of $169k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.