Heart of West Michigan United Way

Analysis

Heart of West Michigan United Way is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in December 1961, 65 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, Heart of West Michigan United Way reported income of $13.2m and spending of $13.2m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $14.5m to $13.2m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heart of West Michigan United Way sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include The Helen Diller Family Foundation ($13.2m), Jewish Community Foundation of Orange County ($13.3m) and San Joaquin Community Foundation Inc ($13.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $420k (3.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $33.9m against liabilities of $2.4m, net assets of $31.5m. It reported 73 employees.