United Way of South Central Mi

Analysis

United Way of South Central Mi is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 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 March 2023, United Way of South Central Mi reported income of $20.0m and spending of $20.7m, spending 103% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $12.1m to $20.0m (+66%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 89%. Over the whole period it spent 94% 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 South Central Mi 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Community Foundation of Henderson County Inc ($20.0m), 3m Open Fund ($20.1m) and Jewish Community Foundation of Greater Kansas City ($20.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $479k (2.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $32.1m against liabilities of $5.0m, net assets of $27.1m. It reported 63 employees.