United Way of Metropolitan Chicago Inc

Analysis

United Way of Metropolitan Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2004, 22 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 June 2023, United Way of Metropolitan Chicago Inc reported income of $47.0m and spending of $53.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.4m to $47.0m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 91% 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 Metropolitan Chicago Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include J a & Leta M Chapman Charitable TR ($46.7m), Jewish Community FDN of the Jewish Federation Council of Greater LA ($47.2m) and United Way of Massachusetts Bay Inc ($46.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $1.6m (3.1% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $52.9m against liabilities of $12.6m, net assets of $40.4m. It reported 115 employees.