United Way of 1000 Lakes

Analysis

United Way of 1000 Lakes is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in September 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 June 2023, United Way of 1000 Lakes reported income of $326k and spending of $391k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $366k to $326k (-11%), an average of -2.8% a year. Over the whole period it spent 84% 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 1000 Lakes sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Eden Inc ($326k), Passion for Childrens Inc ($326k) and Brotallion Blue Skies Foundation ($326k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $63k (16% of expenses). Other salaries and wages came to $39k. At year end it held assets of $476k against liabilities of $194k, net assets of $282k. It reported 3 employees.