Rappahannock United Way Inc

Analysis

Rappahannock United Way Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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, Rappahannock United Way Inc reported income of $1.9m and spending of $2.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $1.9m (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rappahannock United Way Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Bay Oaks Historic Retirement Residence Inc ($1.9m), Edina Soccer Club ($1.9m) and Fosterall ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $328k (17% of expenses). Other salaries and wages came to $477k. At year end it held assets of $2.6m against liabilities of $338k, net assets of $2.2m. It reported 30 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.