United Way of Greater Kingsport Inc

Analysis

United Way of Greater Kingsport Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in June 1935, 91 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 Greater Kingsport Inc reported income of $3.0m and spending of $3.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $3.0m (-6.8%), an average of -1.7% a year. Over the whole period it spent 105% 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 Greater Kingsport Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Grand Action Foundation 2 0 ($3.0m), United Way of Siouxland ($3.1m) and Parents with a Purpose Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $192k (6.1% of expenses). Other salaries and wages came to $277k. At year end it held assets of $4.6m against liabilities of $2.2m, net assets of $2.4m. It reported 10 employees.

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.