United Way of Monongalia and Preston Counties Inc

Analysis

United Way of Monongalia and Preston Counties Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in March 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 2024, United Way of Monongalia and Preston Counties Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $3.1m (+123%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 101% 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 Monongalia and Preston Counties Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Kiwanis International Foundation Inc ($3.1m), Hastings Community Foundation Inc ($3.1m) and Marion Community Foundation ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $90k (2.9% of expenses). Other salaries and wages came to $399k. At year end it held assets of $1.7m against liabilities of $616k, net assets of $1.1m. It reported 8 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.