Trident United Way Inc

Analysis

Trident United Way Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in January 2005, 21 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, Trident United Way Inc reported income of $6.1m and spending of $5.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.2m to $6.1m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. 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, Trident United Way Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Orphans in Need USA Inc ($6.1m), Community Foundation of Washington County Maryland Incorporated ($6.1m) and Saint Therese ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $447k (8.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $20.3m against liabilities of $1.1m, net assets of $19.2m. It reported 67 employees.