Matagorda County United Way

Analysis

Matagorda County United Way is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in March 1972, 54 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, Matagorda County United Way reported income of $137k and spending of $247k, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $388k to $137k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 137% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matagorda County United Way sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Palozola Foundation ($137k), Strata Foundation Inc ($137k) and Carla and David Crane Foundation ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $141k against liabilities of $28k, net assets of $114k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.