United Way of the Capital Area Inc

Analysis

United Way of the Capital Area Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in November 1953, 73 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 the Capital Area Inc reported income of $2.4m and spending of $2.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 90% 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 Capital Area Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include Harford Community College Foundation Inc ($2.4m), The Institute for Human Services Inc ($2.4m) and Parkers Community Fund Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Other salaries and wages came to $499k. At year end it held assets of $2.4m against liabilities of $125k, net assets of $2.3m. It reported 10 employees.