United Way of Mower County Inc

Analysis

United Way of Mower County Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in June 1945, 81 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 Mower County Inc reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.9m to $2.3m (+17%), an average of +3.3% a year. The sharpest change came in the year to March 2023, when income rose by 23%. Over the whole period it spent 97% 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 Mower County Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Vetsaid Inc ($2.3m), Brain Research Foundation ($2.3m) and Commission on Eliminating Harassment and Advancing Equality ($2.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (3.9% of expenses). Other salaries and wages came to $126k. At year end it held assets of $1.9m against liabilities of $910k, net assets of $987k. It reported 14 employees.