United Way of Southwest Michigan

Analysis

United Way of Southwest Michigan is a registered charity in United States, based in St Joseph, MI. It received its IRS tax-exemption ruling in January 1945, 81 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 Southwest Michigan reported income of $4.2m and spending of $5.5m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.2m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 109% 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 Southwest Michigan sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Community Foundation of Warren County ($4.2m), CFM Foundation ($4.2m) and Nevada Gold Mines Heritage Fund ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $284k (5.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.8m against liabilities of $1.6m, net assets of $4.2m. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.