United Way of Palo Pinto County Inc

Analysis

United Way of Palo Pinto County Inc is a registered charity in United States, based in Mineral Wells, TX. It received its IRS tax-exemption ruling in February 1957, 69 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 Palo Pinto County Inc reported income of $104k and spending of $100k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $104k (-13%), an average of -12% a year. Over the whole period it spent 83% 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 Palo Pinto County Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include McAllen Education Foundation Inc ($104k), Community Wishes ($104k) and Moritz Fam Foundation ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 26% of the total. At year end it held assets of $125k against liabilities of $325, net assets of $125k.