United Way of Parker County

Analysis

United Way of Parker County is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in October 2000, 26 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 2023, United Way of Parker County reported income of $218k and spending of $235k, spending 108% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $265k to $218k (-18%), an average of -4.8% a year. The sharpest change came in the year to March 2021, when income dropped by 35%. Over the whole period it spent 100% 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 Parker County sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Arrowheart Foundation ($218k), Charity Classic Inc ($218k) and Deron Cherry Charitable Foundation ($218k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $45k. At year end it held assets of $376k against liabilities of $810, net assets of $375k. It reported 1 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.