United Way of the Eastern Panhandle Inc

Analysis

United Way of the Eastern Panhandle Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in August 1971, 55 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 the Eastern Panhandle Inc reported income of $1.4m and spending of $1.6m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.0m to $1.4m (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 95% 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 the Eastern Panhandle 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 83rd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include United Way of the Blue Mountains ($1.4m), United Way of Beaver County Incorporated ($1.4m) and Harvard Lampoon Trust Under Declaration of Trust ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $323k. At year end it held assets of $2.8m against liabilities of $196k, net assets of $2.6m. It reported 15 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.