United Way of Lapeer County

Analysis

United Way of Lapeer County is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in March 2000, 26 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, United Way of Lapeer County reported income of $160k and spending of $191k, spending 119% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $781k to $160k (-79%), an average of -55% a year. The sharpest change came in the year to June 2024, when income dropped by 78%. Over the whole period it spent 101% 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 Lapeer County sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include B B Comer Memorial Public Library Foundation Inc ($160k), Star Club Inc ($160k) and Nathalie and Theodore Jones Char TR Fbo Unitarian Univ Serv Committee ($160k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $33k (17% of expenses). Other salaries and wages came to $68k. At year end it held assets of $134k against liabilities of $20k, net assets of $114k. It reported 4 employees.