United Way of Galveston Inc

Analysis

United Way of Galveston Inc is a registered charity in United States, based in Galveston, TX. 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 December 2023, United Way of Galveston Inc reported income of $527k and spending of $606k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $527k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 107% 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 Galveston Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Coca Qalicb Inc ($527k), Ramsdell Regional Center for the Arts ($527k) and Thrive in Southern New Mexico ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $171k. At year end it held assets of $1.7m against liabilities of $307k, net assets of $1.4m. It reported 2 employees.