United Way of the Concho Valley Inc

Analysis

United Way of the Concho Valley Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in November 1970, 56 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 March 2023, United Way of the Concho Valley Inc reported income of $905k and spending of $1.2m, spending 132% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $1.0m to $905k (-13%), an average of -4.5% a year. The sharpest change came in the year to March 2021, when income rose by 34%. Over the whole period it spent 105% 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 the Concho Valley Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Victory Cup Initiative Inc ($904k), Edge Funders Alliance ($905k) and Northside Education Foundation ($903k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $111k (9.3% of expenses). Other salaries and wages came to $95k. At year end it held assets of $3.3m against liabilities of $113k, net assets of $3.2m. It reported 3 employees.