United Way of Davidson County Inc

Analysis

United Way of Davidson County Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in April 1994, 32 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 Davidson County Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 94% 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 Davidson County 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 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include WCTC Foundation Inc ($1.2m), No Boundaries Transitional Housing Inc ($1.2m) and United Way of Southwest Oklahoma Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (6.4% of expenses). Other salaries and wages came to $89k. At year end it held assets of $1.9m against liabilities of $146k, net assets of $1.7m. It reported 4 employees.