United Way of Waco-Mclennan County

Analysis

United Way of Waco-Mclennan County is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in December 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 December 2023, United Way of Waco-Mclennan County reported income of $1.2m and spending of $1.6m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 113% 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 Waco-Mclennan County sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Glens Falls Foundation ($1.2m), Centers for Youth and Families Foundation ($1.2m) and The Pujols Family Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (8.5% of expenses). Other salaries and wages came to $189k. At year end it held assets of $1.5m against liabilities of $1.1m, net assets of $433k. It reported 6 employees.