United Way of Eddy County

Analysis

United Way of Eddy County is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in August 1973, 53 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 August 2023, United Way of Eddy County reported income of $566k and spending of $892k, spending 158% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $792k to $566k (-29%), an average of -8.1% a year. The sharpest change came in the year to August 2021, when income dropped by 18%. Over the whole period it spent 115% 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 Eddy County sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NM. Charities of a similar size with the same main cause include United Fund of Surry Inc ($566k), Clovis Community College Foundation Inc ($566k) and Daytona Beach Golf Charities ($566k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (5.6% of expenses). Other salaries and wages came to $90k. At year end it held assets of $625k against liabilities of $264k, net assets of $361k. 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.