United Way of Etowah County Alabama Inc

Analysis

United Way of Etowah County Alabama Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in February 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 Etowah County Alabama Inc reported income of $978k and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $978k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 96% 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 Etowah County Alabama Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Hershey Christian Academy ($978k), Cheff Therapeutic Riding Center ($978k) and New Life Fellowship Inc ($978k).

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 $51k (4.8% of expenses). Other salaries and wages came to $180k. At year end it held assets of $2.5m against liabilities of $587k, net assets of $1.9m. It reported 10 employees.