United Way Galveston County Mainland Inc

Analysis

United Way Galveston County Mainland Inc is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in October 1958, 68 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 Galveston County Mainland Inc reported income of $2.2m and spending of $1.9m, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.6m to $2.2m (-18%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way Galveston County Mainland Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include E C Housing Development Fund Company Inc ($2.2m), Chandler Compadres Inc ($2.2m) and Aldo Leopold Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $108k (5.6% of expenses). Other salaries and wages came to $187k. At year end it held assets of $3.1m against liabilities of $1.3m, net assets of $1.9m. It reported 9 employees.