United Way of the Lowcountry Inc

Analysis

United Way of the Lowcountry Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in June 1981, 45 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 2024, United Way of the Lowcountry Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $2.8m to $2.4m (-14%), an average of -3.1% a year. The sharpest change came in the year to March 2023, when income rose by 43%. Over the whole period it spent 93% 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 Lowcountry Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include McLaren Bay Medical Foundation ($2.4m), Personal Counseling Services Inc ($2.4m) and Orchard House Inc ($2.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $683k. At year end it held assets of $4.1m against liabilities of $1.1m, net assets of $3.0m. It reported 12 employees.