United Way of Central Minnesota

Analysis

United Way of Central Minnesota is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in June 1967, 59 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 June 2023, United Way of Central Minnesota reported income of $4.1m and spending of $5.2m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 107% 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 Central 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 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Daystar Counseling Ministries Inc ($4.1m), Ser-Jobs for Progress Inc ($4.1m) and Westminster Christian Academy Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $36k (0.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.2m against liabilities of $1.2m, net assets of $3.0m. It reported 30 employees.