United Way of McMinn & Meigs Counties

Analysis

United Way of McMinn & Meigs Counties is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in August 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, United Way of McMinn & Meigs Counties reported income of $935k and spending of $765k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $927k to $935k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of McMinn & Meigs Counties 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 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include National Church Residences ($935k), Community Fire Company of Perryville MD Inc ($935k) and Tri-Cities Historical Museum Inc ($935k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $59k (7.7% of expenses). Other salaries and wages came to $47k. At year end it held assets of $952k against liabilities of $321k, net assets of $631k. It reported 2 employees.