Lumber River United Way

Analysis

Lumber River United Way is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in September 1985, 41 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 2024, Lumber River United Way reported income of $872k and spending of $1.0m, spending 118% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income fell from $1.2m to $872k (-29%), an average of -6.6% a year. The sharpest change came in the year to June 2023, when income rose by 224%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lumber River United Way sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Broadfutures Inc ($871k), Montessori Discovery School Incorporated ($872k) and Los Altos Rotary Endowment Fund Inc ($871k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $196k. At year end it held assets of $1.3m against liabilities of $11k, net assets of $1.3m. It reported 7 employees.