W E Upjohn Unemployment Trustee Corporation

Analysis

W E Upjohn Unemployment Trustee Corporation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 1933, 93 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, W E Upjohn Unemployment Trustee Corporation reported income of $24.8m and spending of $29.9m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $30.5m to $24.8m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, W E Upjohn Unemployment Trustee Corporation 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 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Partnership for Public Service Inc ($24.7m), American Society for Quality Inc ($25.0m) and Outlook-Nebraska Inc ($24.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $1.5m (4.9% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $251.3m against liabilities of $10.6m, net assets of $240.7m. It reported 161 employees.