United Way of Charlotte County Inc

Analysis

United Way of Charlotte County Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in February 1977, 49 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 March 2024, United Way of Charlotte County Inc reported income of $2.6m and spending of $3.1m, spending 117% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.8m to $2.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to March 2023, when income rose by 103%. Over the whole period it spent 93% 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 Charlotte County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Heart of Indiana United Way Inc ($2.6m), Oscar Mike Foundation ($2.6m) and United Way of Martin County Inc ($2.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $262k. At year end it held assets of $2.3m against liabilities of $679k, net assets of $1.7m. It reported 14 employees.