United Way of East Tennessee Highlands

Analysis

United Way of East Tennessee Highlands is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in August 1945, 81 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 East Tennessee Highlands reported income of $958k and spending of $621k, leaving 35% of income unspent that year. Across the 3 years on record, from March 2020 to March 2023, income fell from $1.3m to $958k (-25%), an average of -14% a year. The sharpest change came in the year to March 2023, when income dropped by 22%. Over the whole period it spent 81% 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 East Tennessee Highlands sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Lamar Community College Foundation ($958k), United Way of Tulare County ($958k) and 3200 Adams Holding Corp ($958k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.6m against liabilities of $397k, net assets of $1.2m. It reported 6 employees.