United Way of Marion Co Inc

Analysis

United Way of Marion Co Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in October 1964, 62 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 Marion Co Inc reported income of $1.5m and spending of $2.3m, spending 157% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.5m (-33%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 698%. Over the whole period it spent 110% 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 Marion Co Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Sequoia Foundation ($1.5m), TSR Adventures Inc ($1.5m) and Alexander and Eva Nemeth Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $698k. At year end it held assets of $3.9m against liabilities of $20k, net assets of $3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.