United Way of Southeast Minnesota

Analysis

United Way of Southeast Minnesota is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 1963, 63 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 March 2024, United Way of Southeast Minnesota reported income of $3.3m and spending of $3.6m, spending 109% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $3.7m to $3.3m (-11%), an average of -2.9% a year. Over the whole period it spent 103% 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 Southeast Minnesota sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include The Palo Alto Community Fund ($3.3m), Pier 360 ($3.3m) and National Adult Protective Services Association ($3.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $372k (10% of expenses). Other salaries and wages came to $903k. At year end it held assets of $4.2m against liabilities of $648k, net assets of $3.6m. It reported 34 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.