United Way of Southwest Minnesota

Analysis

United Way of Southwest Minnesota is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in April 1998, 28 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, United Way of Southwest Minnesota reported income of $484k and spending of $497k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $586k to $484k (-17%), an average of -6.2% a year. Over the whole period it spent 99% 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 Southwest Minnesota sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include National Hospice Foundation ($484k), R S Hoyt Jr Family Foundation ($484k) and Child and Family Support Center Hansen Foundation Inc ($484k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $63k (13% of expenses). Other salaries and wages came to $46k. At year end it held assets of $820k against liabilities of $229k, net assets of $591k. It reported 3 employees.