Greater Mankato Area United Way Inc

Analysis

Greater Mankato Area United Way Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in August 1957, 69 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 Mankato Area United Way Inc reported income of $4.1m and spending of $3.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.1m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 90% 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 Mankato Area United Way Inc sits at the 92nd percentile: it is larger than about 92% 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 Policy & Innovation Center ($4.1m), Cooperative Fund of the Northeast Inc ($4.1m) and Quarterbacking Childrens Health Foundation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $126k (3.5% of expenses). Other salaries and wages came to $394k. At year end it held assets of $4.4m against liabilities of $94k, net assets of $4.3m. It reported 14 employees.