United Way Association of South Carolina Inc

Analysis

United Way Association of South Carolina Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, United Way Association of South Carolina Inc reported income of $9.7m and spending of $8.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $9.7m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 239%. Over the whole period it spent 94% 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 Association of South Carolina Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Pella Community Foundation ($9.7m), Rush County Community Foundation ($9.7m) and Catholic Community Foundation - Ohio ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $119k (1.4% of expenses). Other salaries and wages came to $503k. At year end it held assets of $3.9m against liabilities of $1.3m, net assets of $2.5m. It reported 17 employees.