United Way of Hamblen County

Analysis

United Way of Hamblen County is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in September 1971, 55 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 Hamblen County reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-3.3%), an average of -0.8% a year. Over the whole period it spent 98% 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 Hamblen County sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Orange County Community Foundation Inc ($1.3m), Emma Freeman Foundation Uwo H M Freeman ($1.4m) and National Christian Charitable Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (8.1% of expenses). Other salaries and wages came to $42k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 2 employees.