United Way of Bemidji Area

Analysis

United Way of Bemidji Area is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in October 1987, 39 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 Bemidji Area reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $1.2m (+90%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 101% 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 Bemidji Area sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Aes Restaurant Foundation Inc ($1.2m), United Way of Stanislaus County ($1.2m) and Langley for Families - the Foundation of Lfcu ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $87k (6.9% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.1m against liabilities of $290k, net assets of $796k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.