United Way of Corinth and Alcorn County

Analysis

United Way of Corinth and Alcorn County is a registered charity in United States, based in Corinth, MS. It received its IRS tax-exemption ruling in January 1974, 52 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 December 2023, United Way of Corinth and Alcorn County reported income of $367k and spending of $244k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $367k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 85% 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 Corinth and Alcorn County sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MS. Charities of a similar size with the same main cause include Pipkin Charitable Foundation ($366k), Tulsa County Medical Society Foundation ($367k) and National Christian Charitable Foundation Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $72k (29% of expenses). At year end it held assets of $615k against liabilities of $2,770, net assets of $613k. It reported 1 employees.