United Way Tar River Region

Analysis

United Way Tar River Region is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in November 1960, 66 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 Tar River Region reported income of $1.3m and spending of $915k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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 Tar River Region 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 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include People for Community Recovery ($1.3m), The 1tat Program Inc ($1.3m) and Ricca ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $161k (18% of expenses). Other salaries and wages came to $41k. At year end it held assets of $2.0m against liabilities of $169k, net assets of $1.8m. It reported 3 employees.