United Way of Summit and Medina

Analysis

United Way of Summit and Medina is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 1975, 51 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 March 2023, United Way of Summit and Medina reported income of $32.9m and spending of $32.9m, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $14.4m to $32.9m (+127%), an average of +32% a year. The sharpest change came in the year to March 2021, when income rose by 69%. Over the whole period it spent 99% 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 Summit and Medina sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Highland Dallas Foundation Inc ($32.8m), Givers Legacy Foundation Inc ($32.9m) and Columbus State Community College Development Foundation Inc ($32.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $997k (3.0% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $18.2m against liabilities of $4.0m, net assets of $14.2m. It reported 139 employees.