United Way of North Carolina

Analysis

United Way of North Carolina is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in November 1975, 51 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 North Carolina reported income of $3.7m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.7m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 97% 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 North Carolina sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Gotham Gives Inc ($3.7m), Sierra Ambulance Service Inc ($3.7m) and Jewish Federation Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $182k (5.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $434k, net assets of $1.1m. It reported 63 employees.