United Way of East-Central Texas

Analysis

United Way of East-Central Texas is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in August 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 December 2022, United Way of East-Central Texas reported income of $68k and spending of $86k, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $85k to $68k (-20%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 113% 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 East-Central Texas sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Minerva Area Community Charitable TR Association ($68k), Frazier & Deeter Foundation Inc ($68k) and Womens Foundation of New Jersey a NJ Nonprofit Corporation ($68k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $31k (36% of expenses). At year end it held assets of $62k against liabilities of $10k, net assets of $52k. It reported 1 employees.