United Way Manitowoc County Inc

Analysis

United Way Manitowoc County Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in April 1969, 57 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 December 2023, United Way Manitowoc County Inc reported income of $342k and spending of $353k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $342k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 95% 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 Manitowoc County Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Cherry Point Reach Out ($341k), White Bear Lake Senior Housing Inc ($342k) and Serving Ireland Foundation ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $75k (21% of expenses). Other salaries and wages came to $64k. At year end it held assets of $1.5m against liabilities of $65k, net assets of $1.4m. It reported 5 employees.