United Way of the Eastern Upper Peninsula

Analysis

United Way of the Eastern Upper Peninsula is a registered charity in United States, based in Sault S Marie, MI. It received its IRS tax-exemption ruling in April 1974, 52 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, United Way of the Eastern Upper Peninsula reported income of $226k and spending of $293k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $291k to $226k (-22%), an average of -6.2% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of the Eastern Upper Peninsula sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Project Management Advisors Foundation ($226k), Hawaii Va Foundation ($226k) and Boulder Historical Society Trust 1010023210 ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $48k (16% of expenses). Other salaries and wages came to $50k. At year end it held assets of $448k against liabilities of $67k, net assets of $381k. It reported 9 employees.