United Way of the Lakelands

Analysis

United Way of the Lakelands is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in May 1970, 56 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 June 2023, United Way of the Lakelands reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $818k to $1.8m (+116%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 113% 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 Lakelands sits at the 84th percentile: it is larger than about 84% 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 Presbyterian Housing Foundation of Florida Inc ($1.8m), Boys & Girls Club of Fontana ($1.8m) and Paideia School Endowment Fund Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $125k (7.3% of expenses). Other salaries and wages came to $392k. At year end it held assets of $1.6m against liabilities of $104k, net assets of $1.5m. It reported 8 employees.