United Way of Anderson County Inc

Analysis

United Way of Anderson County Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 Anderson County Inc reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $805k to $1.2m (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Anderson County Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Foster Care Support Foundation Inc ($1.2m), Stayton High School Eagles Booster Club Inc ($1.2m) and Four Corners Home for Children Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $71k (6.9% of expenses). Other salaries and wages came to $55k. At year end it held assets of $1.2m against liabilities of $720k, net assets of $474k. It reported 7 employees.