United Way of Alamance County Inc

Analysis

United Way of Alamance County Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in December 1953, 73 years ago. 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 Alamance County Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.2m (+3.7%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Alamance County Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Association of Chamber of Commerce Executives Foundation ($1.2m), Rockland Council on Alcoholism Inc ($1.2m) and St Thomas More Housing Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $423k. At year end it held assets of $1.4m against liabilities of $182k, net assets of $1.2m. It reported 10 employees.