United Way of Chaves County

Analysis

United Way of Chaves County is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in December 1971, 55 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 Chaves County reported income of $378k and spending of $392k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $378k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 118% 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 Chaves County sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include Impact 100 Fairfield County ($378k), Progressive Technology Project ($378k) and Thomas County Community Foundation Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $56k (14% of expenses). Other salaries and wages came to $600. At year end it held assets of $617k against liabilities of $112k, net assets of $505k. It reported 2 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.