United Way of Genesee County

Analysis

United Way of Genesee County is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in November 1950, 76 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 2024, United Way of Genesee County reported income of $5.2m and spending of $6.2m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $7.5m to $5.2m (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 93% 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 Genesee County sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include L S U Property Foundation ($5.2m), Constellation Fund ($5.2m) and National Medal of Honor Center for Leadership ($5.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $244k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.8m against liabilities of $1.0m, net assets of $8.7m. It reported 29 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.