United Way of Madison County Inc

Analysis

United Way of Madison County Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in December 1958, 68 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 Madison County Inc reported income of $2.7m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.7m (+2.6%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 104% 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 Madison County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Golden Belt Community Foundation ($2.7m), Western Kansas Community Foundation ($2.7m) and Community Foundation of Washington County Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $174k (6.7% of expenses). Other salaries and wages came to $353k. At year end it held assets of $2.5m against liabilities of $474k, net assets of $2.0m. It reported 11 employees.