United Way of the Coastal Bend Inc

Analysis

United Way of the Coastal Bend Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in January 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 June 2023, United Way of the Coastal Bend Inc reported income of $6.6m and spending of $6.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.6m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 91% 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 the Coastal Bend Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include International Initiative for Impact Evaluation Inc ($6.6m), United Way of Lake County Inc ($6.6m) and The Community Foundation of Delaware County ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $248k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.1m against liabilities of $1.5m, net assets of $6.6m. It reported 23 employees.