United Way of Franklin County Inc

Analysis

United Way of Franklin County Inc is a registered charity in United States, based in Youngsville, NC. It received its IRS tax-exemption ruling in August 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 Franklin County Inc reported income of $61k and spending of $93k, spending 152% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $423k to $61k (-85%), an average of -62% a year. The sharpest change came in the year to December 2022, when income dropped by 82%. Over the whole period it spent 76% 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 Franklin County Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Marcus J Bradshaw Foundation ($61k), A R E Rico Memorial Foundation ($61k) and The Wilson Foundation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $367k against liabilities of $1,104, net assets of $366k.