United Way of Northwest Michigan

Analysis

United Way of Northwest Michigan is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in June 1971, 55 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 Northwest Michigan reported income of $2.9m and spending of $2.5m, spending 86% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $542k to $2.9m (+443%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 128%. 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, United Way of Northwest Michigan sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Jewish Federation of Greater Santa Barbara ($2.9m), Outer Banks Community Foundation Inc ($2.9m) and Battery Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $111k (4.4% of expenses). Other salaries and wages came to $376k. At year end it held assets of $4.6m against liabilities of $3.5m, net assets of $1.2m. It reported 18 employees.