United Ways of Texas Inc

Analysis

United Ways of Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Ways of Texas Inc reported income of $1.3m and spending of $1.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $869k to $1.3m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 37%. 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 Ways of Texas Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Textron Aviation Employees Uplift Fund Inc ($1.3m), Northwest Iowa Community College Foundation ($1.3m) and Stride Academy Building Company ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $361k (24% of expenses). Other salaries and wages came to $471k. At year end it held assets of $1.7m against liabilities of $482k, net assets of $1.2m. It reported 8 employees.