Henderson County United Way Inc

Analysis

Henderson County United Way Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in June 1977, 49 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, Henderson County United Way Inc reported income of $1.3m and spending of $1.5m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $1.3m (-37%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Henderson County United Way Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Hardin County Community Foundation ($1.3m), Flint Energies Foundation Inc ($1.3m) and Farm Journal Agricultural Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $95k (6.4% of expenses). Other salaries and wages came to $315k. At year end it held assets of $1.8m against liabilities of $623k, net assets of $1.2m. It reported 8 employees.