Lakes Area United Way

Analysis

Lakes Area United Way is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in May 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 June 2023, Lakes Area United Way reported income of $271k and spending of $272k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $280k to $271k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income dropped by 38%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lakes Area United Way sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Crecer Foundation ($271k), Louise Marshall Trust Uw ($271k) and Hang Tough Foundation Inc ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $62k (23% of expenses). Other salaries and wages came to $42k. At year end it held assets of $253k against liabilities of $81k, net assets of $172k. It reported 5 employees.