United Way of Forsyth County Inc

Analysis

United Way of Forsyth County Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in May 1991, 35 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 Forsyth County Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 109% 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 Forsyth County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Treu Mart Fund ($1.2m), Washington County Hospital Foundation ($1.2m) and Cincinnati Blue Line Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $240k. At year end it held assets of $2.7m against liabilities of $169k, net assets of $2.5m. It reported 8 employees.