United Way of Wilkes County Inc

Analysis

United Way of Wilkes County Inc is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in August 1975, 51 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 October 2023, United Way of Wilkes County Inc reported income of $320k and spending of $356k, spending 111% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $407k to $320k (-21%), an average of -5.8% a year. The sharpest change came in the year to October 2022, when income dropped by 35%. Over the whole period it spent 109% 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 Wilkes County Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Sedalia School District Foundation Inc ($320k), Paul McBeth Foundation ($320k) and Armstead Academic Project ($320k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (17% of expenses). Other salaries and wages came to $3,950. At year end it held assets of $441k against liabilities of $24k, net assets of $417k. It reported 2 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.