United Way of Rutherford County Inc

Analysis

United Way of Rutherford County Inc is a registered charity in United States, based in Spindale, NC. It received its IRS tax-exemption ruling in October 1973, 53 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, United Way of Rutherford County Inc reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $419k to $1.9m (+346%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 96% 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 Rutherford County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Feedback Labs Inc ($1.9m), The Livestrong Foundation ($1.9m) and Columbus Area United Way Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $129k. At year end it held assets of $695k against liabilities of $254k, net assets of $441k. It reported 2 employees.