United Way of Norman Inc

Analysis

United Way of Norman Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in July 1969, 57 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 June 2023, United Way of Norman Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.0m (+4.7%), an average of +1.1% a year. Over the whole period it spent 92% 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 Norman Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Child Life Council Inc ($2.0m), Babylon Central Fire Alarm and Resc Alarm Corporation ($2.0m) and Hill & Dale Family Learning Center ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $197k (11% of expenses). Other salaries and wages came to $100k. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $916k. It reported 4 employees.