United Way of Central Texas

Analysis

United Way of Central Texas is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in November 1990, 36 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 Central Texas reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 108% 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 Central Texas 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 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Hope Foundation of Iranian- American Jewish Communities Inc ($1.4m), Ohr Meir Ubracha ($1.4m) and Chapel Hill Carrboro Public School Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $82k (5.9% of expenses). Other salaries and wages came to $440k. At year end it held assets of $2.0m against liabilities of $499k, net assets of $1.5m. It reported 12 employees.