United Way of Stanly County

Analysis

United Way of Stanly County is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in January 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 2021, United Way of Stanly County reported income of $221k and spending of $260k, spending 118% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income fell from $326k to $221k (-32%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 105% 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 Stanly County sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Camp Smile Foundation Inc ($221k), Firstmark Credit Union Foundation ($221k) and Staten Island Giving Circle Inc ($221k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). Other salaries and wages came to $43k. At year end it held assets of $454k against liabilities of $149k, net assets of $305k. It reported 2 employees.