Forney Area United Way

Analysis

Forney Area United Way is a registered charity in United States, based in Forney, TX. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 July 2023, Forney Area United Way reported income of $68k and spending of $63k, spending 92% of its income. Across the 3 years on record, from July 2020 to July 2023, income fell from $109k to $68k (-38%), an average of -21% a year. The sharpest change came in the year to July 2023, when income rose by 74%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forney Area United Way sits at the 26th percentile: it is larger than about 26% 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 The Simi Valley Music Boosters ($68k), Lambda South Inc ($68k) and Clinton County Foundation for Youth Inc ($68k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.