The United Way Inc

Analysis

The United Way Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in November 1959, 67 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 March 2023, The United Way Inc reported income of $4.9m and spending of $4.7m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $4.4m to $4.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to March 2020, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The United Way Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Apa Family Support Services ($4.9m), Parzival Supports ($4.9m) and Innovative Industries Inc ($4.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $219k (4.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.7m against liabilities of $1.6m, net assets of $6.0m. It reported 25 employees.