United Way of West Tennessee Inc

Analysis

United Way of West Tennessee Inc is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in July 1968, 58 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 2023, United Way of West Tennessee Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.6m to $1.9m (+18%), an average of +5.7% a year. The sharpest change came in the year to March 2023, when income rose by 17%. Over the whole period it spent 94% 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 West Tennessee Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Microgrants ($1.9m), United Way Foundation of Abilene ($1.9m) and Hutchinson County United Way Inc ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $567k. At year end it held assets of $3.0m against liabilities of $624k, net assets of $2.4m. It reported 12 employees.