United Way of Chatham County Inc

Analysis

United Way of Chatham County Inc is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in June 1995, 31 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 Chatham County Inc reported income of $1.1m and spending of $641k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 87% 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 Chatham County Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Northpoint Foundation Inc ($1.1m), The Community Trust Foundation Inc ($1.1m) and Council for Jewish Elderly Endowment Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $166k. At year end it held assets of $1.6m against liabilities of $239k, net assets of $1.4m. It reported 3 employees.