United Way of Gratiot & Isabella Counties

Analysis

United Way of Gratiot & Isabella Counties is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in January 1973, 53 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 June 2024, United Way of Gratiot & Isabella Counties reported income of $1.4m and spending of $1.7m, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 102% 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 Gratiot & Isabella Counties 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 Horizons Expeditions ($1.4m), Habitat for Humanity International Inc ($1.4m) and Wells Emergency Medical Service Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $99k (5.7% of expenses). Other salaries and wages came to $243k. At year end it held assets of $1.3m against liabilities of $307k, net assets of $1.0m. It reported 10 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.