United Way of Freeborn County Inc

Analysis

United Way of Freeborn County Inc is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in December 1964, 62 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 December 2023, United Way of Freeborn County Inc reported income of $475k and spending of $334k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $475k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 98% 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 Freeborn County Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Lily of the Valley AIDS Foundation ($475k), Atlantic Golf Club Educational Fund Inc ($475k) and Life Christian Foundation ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (15% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.1m against liabilities of $184k, net assets of $876k. It reported 4 employees.