United Way of Cleveland County Inc

Analysis

United Way of Cleveland County Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in December 1971, 55 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 Cleveland County Inc reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $1.3m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 103% 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 Cleveland County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include United Way of San Luis Obispo County ($1.3m), Integrity Park Inc ($1.3m) and Dogtopia Foundation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $98k (6.7% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.4m against liabilities of $767k, net assets of $682k. It reported 4 employees.