United Way of Wise County

Analysis

United Way of Wise County is a registered charity in United States, based in Decatur, TX. It received its IRS tax-exemption ruling in January 1992, 34 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 Wise County reported income of $350k and spending of $365k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $348k to $350k (+0.5%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 58%. 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 Wise County sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Friends of the Washington County Childrens Justice Center ($350k), The Joseph Fund Inc ($350k) and A L M Charities ($350k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% of the total. At year end it held assets of $401k against liabilities of $6,500, net assets of $395k.