United Way of Saginaw County

Analysis

United Way of Saginaw County is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in January 1926, 100 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, United Way of Saginaw County reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 420%. Over the whole period it spent 96% 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 Saginaw County sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Hansen Foundation Inc ($2.3m), Commun Denver Inc ($2.3m) and United Way of the Wine Country ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $169k (7.5% of expenses). Other salaries and wages came to $391k. At year end it held assets of $8.8m against liabilities of $2.9m, net assets of $5.9m. It reported 11 employees.