United Way of Horry County Inc

Analysis

United Way of Horry County Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in September 1973, 53 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 of Horry County Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% 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 Horry County 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 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Community Roots Holding Foundation ($1.8m), Mesa United Way Inc ($1.8m) and Waicu Educational Technology Consortium Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $84k (5.1% of expenses). Other salaries and wages came to $295k. At year end it held assets of $1.5m against liabilities of $540k, net assets of $973k. It reported 12 employees.