United Way of Morgan County

Analysis

United Way of Morgan County is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in March 1956, 70 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 June 2023, United Way of Morgan County reported income of $1.1m and spending of $885k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.1m (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 102% 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 Morgan County sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Atl TR ($1.1m), Social Venture Partners Tucson ($1.1m) and USA Basketball Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Other salaries and wages came to $163k. At year end it held assets of $1.3m against liabilities of $685k, net assets of $565k. It reported 6 employees.