United Way of Greater Charlotte

Analysis

United Way of Greater Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1958, 68 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 Greater Charlotte reported income of $20.9m and spending of $20.8m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $38.1m to $20.9m (-45%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 88% 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 Greater Charlotte sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Community Foundation of Western Pennsylvania and Eastern Ohio ($20.8m), International Community Foundation ($20.9m) and University of North Texas Foundation Inc ($20.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $684k (3.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $30.4m against liabilities of $7.8m, net assets of $22.6m. It reported 30 employees.