United Way of Tyler-Smith County

Analysis

United Way of Tyler-Smith County is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in August 1971, 55 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, United Way of Tyler-Smith County reported income of $2.6m and spending of $3.2m, spending 120% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $2.3m to $2.6m (+17%), an average of +3.2% a year. Over the whole period it spent 91% 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 Tyler-Smith County sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Harvey L Miller Supporting Foundation ($2.6m), The Nelson Family Foundation ($2.6m) and Bobby Benson Center ($2.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $105k (3.3% of expenses). Other salaries and wages came to $519k. At year end it held assets of $6.3m against liabilities of $647k, net assets of $5.7m. It reported 17 employees.