United Way of Hood County Inc

Analysis

United Way of Hood County Inc is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in March 1999, 27 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 2023, United Way of Hood County Inc reported income of $668k and spending of $724k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $668k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 108% 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 Hood County Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Wray Community Child Care Center ($668k), Honolulu Symphony Foundation Inc ($668k) and Pitch in ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $266k against liabilities of $2,897, net assets of $263k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.