United Way of the Piedmont Inc

Analysis

United Way of the Piedmont Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in August 1948, 78 years ago. 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 March 2023, United Way of the Piedmont Inc reported income of $13.3m and spending of $14.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to March 2023, income grew from $5.5m to $13.3m (+141%), an average of +25% a year. The sharpest change came in the year to March 2020, when income rose by 140%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of the Piedmont Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include River Charter Schools ($13.3m), Center for Applied Linguistics ($13.3m) and Hickory Point Christian Village ($13.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $288k (2.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.3m against liabilities of $1.4m, net assets of $1.9m. It reported 57 employees.