United Way of Greater Greensboro Inc

Analysis

United Way of Greater Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1969, 57 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 Greater Greensboro Inc reported income of $6.6m and spending of $9.1m, spending 138% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $10.6m to $6.6m (-38%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 84% 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 Greater Greensboro Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include United Way of Lake County Inc ($6.6m), Queens College Special Projects Fund Inc ($6.6m) and United Way of the Coastal Bend Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $251k (2.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $24.0m against liabilities of $4.2m, net assets of $19.8m. It reported 41 employees.