United Way of Northeastern Minnesota Inc

Analysis

United Way of Northeastern Minnesota Inc is a registered charity in United States, based in Chisholm, MN. It received its IRS tax-exemption ruling in November 1966, 60 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 March 2023, United Way of Northeastern Minnesota Inc reported income of $2.1m and spending of $2.2m, spending 105% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.1m to $2.1m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to March 2021, when income rose by 22%. Over the whole period it spent 93% 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 Northeastern Minnesota Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Tasks Unlimited Inc ($2.1m), Little Folks School ($2.1m) and Tualatin Hills United Soccer Club ($2.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $113k (5.2% of expenses). Other salaries and wages came to $321k. At year end it held assets of $4.5m against liabilities of $476k, net assets of $4.0m. It reported 8 employees.