United Way of Tarrant County

Analysis

United Way of Tarrant County is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1953, 73 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 June 2023, United Way of Tarrant County reported income of $25.3m and spending of $27.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.3m to $25.3m (+3.9%), an average of +1.0% a year. Over the whole period it spent 110% 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 Tarrant County sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Seton Education Partners ($25.2m), Princeton Area Community Foundation Inc ($25.3m) and Community Foundation of Abilene ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $1.7m (6.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $20.2m against liabilities of $9.3m, net assets of $10.9m. It reported 87 employees.