United Way of Denton County Inc

Analysis

United Way of Denton County Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in January 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 Denton County Inc reported income of $5.5m and spending of $5.8m, spending 106% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.0m to $5.5m (+87%), an average of +17% a year. The sharpest change came in the year to March 2021, when income rose by 453%. Over the whole period it spent 98% 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 Denton County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Chief Executives for Corporate Purpose Inc ($5.5m), Womens Foundation of Alabama ($5.5m) and Maria Seymour Brooker Memorial Inc ($5.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $249k (4.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.3m against liabilities of $3.4m, net assets of $3.0m. It reported 50 employees.