Lake Martin Area United Way Inc

Analysis

Lake Martin Area United Way Inc is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in April 1985, 41 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, Lake Martin Area United Way Inc reported income of $752k and spending of $558k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $752k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Martin Area United Way Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Linc Inc ($752k), Yoknapatawpha Arts Council Inc ($752k) and The Parenting Connection of Monterey County ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 2.5% of the total. Other salaries and wages came to $90k. At year end it held assets of $2.1m against liabilities of $81k, net assets of $2.0m. It reported 2 employees.