Michigan Association of United Ways Inc

Analysis

Michigan Association of United Ways Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 1958, 68 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 2023, Michigan Association of United Ways Inc reported income of $5.4m and spending of $3.0m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.4m (+115%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 375%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michigan Association of United Ways Inc 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 93rd percentile within MI. Charities of a similar size with the same main cause include Unionport Foundation Inc ($5.4m), Peoria Area Community Foundation ($5.4m) and United Way of St Joseph County Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $254k (8.5% of expenses). Other salaries and wages came to $585k. At year end it held assets of $5.4m against liabilities of $1.4m, net assets of $4.0m. It reported 34 employees.