United Way of the Greater Triangle Inc

Analysis

United Way of the Greater Triangle Inc is a registered charity in United States, based in RTP, NC. It received its IRS tax-exemption ruling in May 1996, 30 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, United Way of the Greater Triangle Inc reported income of $7.6m and spending of $9.5m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.1m to $7.6m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 102% 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 the Greater Triangle Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Action Council of Monterey County Inc ($7.6m), Jewish Federation of Greater Toledo ($7.6m) and Life You Can Save ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $459k (4.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.2m against liabilities of $4.2m, net assets of $1.1m. It reported 25 employees.