Greater Twin Cities United Way

Analysis

Greater Twin Cities United Way is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2000, 26 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, Greater Twin Cities United Way reported income of $50.9m and spending of $49.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $61.3m to $50.9m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Twin Cities United Way sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Community Foundation Santa Cruz County ($50.4m), Gulf Coast Community Foundation Inc ($51.1m) and Community Foundation for the Fox Valley Region Inc ($50.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $1.6m (3.2% of expenses). Other salaries and wages came to $13.2m. It paid $120k in professional fundraising fees. At year end it held assets of $147.2m against liabilities of $5.8m, net assets of $141.4m. It reported 216 employees.