United Way of Southwest Virginia

Analysis

United Way of Southwest Virginia is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in December 1965, 61 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 Southwest Virginia reported income of $317k and spending of $310k, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $542k to $317k (-42%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. 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 Southwest Virginia sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include New Jersey Abortion Access Fund Inc ($317k), Philanthropy Connection Inc ($317k) and Casalena Foundation ($317k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $148k. At year end it held assets of $453k against liabilities of $305k, net assets of $148k. It reported 5 employees.