United Way of Greater Texarkana

Analysis

United Way of Greater Texarkana is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in March 1966, 60 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 Greater Texarkana reported income of $813k and spending of $851k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $621k to $813k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 101% 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 Greater Texarkana sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Honor Veterans Now ($813k), Greater Akron Musical Asociation Foundation ($813k) and Jamestown Fine Arts Association Incorporated ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $161k. At year end it held assets of $3.4m against liabilities of $508k, net assets of $2.9m. It reported 3 employees.