United Way of Wayne Co Inc

Analysis

United Way of Wayne Co Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in August 1965, 61 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 Wayne Co Inc reported income of $927k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $927k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 109% 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 Wayne Co 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 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include First Alaskans Endowment Fund ($926k), Volunteer Center of Fairfax County Inc ($928k) and Greater Jefferson County Foundation ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 9.4% of the total. Other salaries and wages came to $226k. At year end it held assets of $2.0m against liabilities of $559k, net assets of $1.5m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.