United Way of Lancaster County Inc

Analysis

United Way of Lancaster County Inc is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in June 1972, 54 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, United Way of Lancaster County Inc reported income of $679k and spending of $476k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $280k to $679k (+143%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 98% 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 Lancaster County Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Bay Home Inc ($679k), Fredericksburg Morning Rotary Charity Fund ($679k) and Rebuilding Together Greater Des ($679k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $76k (16% of expenses). At year end it held assets of $584k against liabilities of $190k, net assets of $395k. It reported 4 employees.