United Way of Greater High Point Inc

Analysis

United Way of Greater High Point Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in August 1942, 84 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 Greater High Point Inc reported income of $5.4m and spending of $4.4m, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.9m to $5.4m (+11%), an average of +2.0% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 98% 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 High Point Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Beygood Foundation ($5.4m), United Way of St Joseph County Inc ($5.4m) and Waterstone Real Estate Foundation ($5.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $221k (5.0% of expenses). Other salaries and wages came to $420k. At year end it held assets of $7.4m against liabilities of $590k, net assets of $6.8m. It reported 15 employees.