United Way of the Northwest Alabama Inc

Analysis

United Way of the Northwest Alabama Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in August 1997, 29 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 2024, United Way of the Northwest Alabama Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $925k to $1.1m (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 91% 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 the Northwest Alabama Inc 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 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Bedlam Inc ($1.1m), Univest Foundation ($1.1m) and National Christian Charitable Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (4.5% of expenses). Other salaries and wages came to $284k. At year end it held assets of $2.0m against liabilities of $329k, net assets of $1.7m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.