Catawba County United Way Inc

Analysis

Catawba County United Way Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in December 1946, 80 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, Catawba County United Way Inc reported income of $1.1m and spending of $1.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Catawba County United Way Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Livingston County United Way ($1.1m), Casa of Floyd County Inc ($1.1m) and Artz-White Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $279k. At year end it held assets of $2.5m against liabilities of $43k, net assets of $2.5m. It reported 5 employees.