United Way of Cumberland County Inc

Analysis

United Way of Cumberland County Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in May 1941, 85 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 Cumberland County Inc reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.6m to $1.5m (-6.8%), an average of -1.8% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 104% 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 Cumberland County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include South Florida Prof Golf Assoc Charitable Foundation ($1.5m), Malama Loko Ea Foundation ($1.5m) and Make-A-Wish Foundation of Puerto Rico ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $88k (6.6% of expenses). Other salaries and wages came to $181k. At year end it held assets of $2.4m against liabilities of $17k, net assets of $2.4m. It reported 7 employees.