Rowan County United Way Inc

Analysis

Rowan County United Way Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in July 1958, 68 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 December 2023, Rowan County United Way Inc reported income of $1.2m and spending of $1.7m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.4% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rowan County United Way Inc sits at the 79th percentile: it is larger than about 79% 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 Particular Council of Tacoma Society of Saint Vincent de Paul ($1.2m), Hillel the Foundation for Jewish Campus Life ($1.2m) and Nami Western Nevada ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $88k (5.3% of expenses). Other salaries and wages came to $170k. At year end it held assets of $1.9m against liabilities of $7,072, net assets of $1.9m. It reported 6 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.