United Way of Midland County

Analysis

United Way of Midland County is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in January 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Way of Midland County reported income of $5.9m and spending of $6.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $5.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 95% 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 Midland 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 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include St Francis Home ($5.9m), Memphis Goodwill Industries Inc ($5.9m) and St Joseph the Worker ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $288k (4.7% of expenses). Other salaries and wages came to $810k. At year end it held assets of $15.5m against liabilities of $2.1m, net assets of $13.4m. It reported 17 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.