United Way of Asheville & Buncombe County Inc

Analysis

United Way of Asheville & Buncombe County Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 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 2023, United Way of Asheville & Buncombe County Inc reported income of $5.1m and spending of $5.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $5.1m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 93% 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 Asheville & Buncombe County 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 Johnson County Community Foundation Inc ($5.1m), Vegas Golden Knights Foundation Inc ($5.1m) and Community Foundation of Central Wisconsin Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $235k (4.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $8.0m against liabilities of $1.3m, net assets of $6.8m. It reported 72 employees.