United Way of Randolph Co Inc

Analysis

United Way of Randolph Co Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in August 1960, 66 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 2024, United Way of Randolph Co Inc reported income of $635k and spending of $616k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $756k to $635k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 95% 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 Randolph Co Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Charity for the Arts Sports & Education Inc ($634k), Spirit of Charity Foundation ($635k) and Cpca Ventures ($634k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $93k (15% of expenses). Other salaries and wages came to $91k. At year end it held assets of $1.5m against liabilities of $474k, net assets of $1.0m. It reported 4 employees.