United Way of Bay County Inc

Analysis

United Way of Bay County Inc is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in July 1957, 69 years ago. 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 Bay County Inc reported income of $1.5m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Bay County Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Ursuline Sisters Mission ($1.5m), Korean Community Senior Housing Corp of Maryland ($1.5m) and Walnut Creek Education Foundation K-12 ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $67k (5.5% of expenses). Other salaries and wages came to $144k. At year end it held assets of $3.2m against liabilities of $419k, net assets of $2.8m. It reported 6 employees.