North Texas Area United Way Inc

Analysis

North Texas Area United Way Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in April 1955, 71 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 2024, North Texas Area United Way Inc reported income of $4.2m and spending of $4.1m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.8m to $4.2m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to March 2024, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Texas Area 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 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Community Foundation of South Puget Sound ($4.2m), Turn 2 Foundation Inc ($4.2m) and Mercy Ships Foundation ($4.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $77k (1.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $883k, net assets of $2.0m. It reported 45 employees.