Otsego County United Way Inc

Analysis

Otsego County United Way Inc is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in September 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 December 2023, Otsego County United Way Inc reported income of $405k and spending of $617k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $405k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Otsego County United Way Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Foundation for Christian Schools ($405k), Day Spring Foundation Inc ($405k) and United Way of Ellis County ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $60k (9.6% of expenses). Other salaries and wages came to $161k. At year end it held assets of $392k against liabilities of $76k, net assets of $317k. It reported 7 employees.