United Way of the Coastal Empire Inc

Analysis

United Way of the Coastal Empire Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in September 1953, 73 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 the Coastal Empire Inc reported income of $8.5m and spending of $8.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $9.6m to $8.5m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 119%. Over the whole period it spent 91% 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 the Coastal Empire 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 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Community Foundation of Mahoning Valley ($8.5m), Hutchinson Community Foundation ($8.6m) and Chevra-Kadisha Yerushalayim Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $393k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $25.5m against liabilities of $711k, net assets of $24.8m. It reported 42 employees.