United Way of Southern WV Inc

Analysis

United Way of Southern WV Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in August 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 December 2023, United Way of Southern WV Inc reported income of $753k and spending of $849k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $753k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 85% 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 Southern WV Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within WV. Charities of a similar size with the same main cause include Parks Foundation of Oak Park ($752k), Oklahoma City Community College Foundation ($753k) and Okaloosa Public Schools Foundation ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $159k (19% of expenses). At year end it held assets of $867k against liabilities of $381k, net assets of $486k. It reported 4 employees.