United Way of Goodhue Wabasha & Pierce Counties

Analysis

United Way of Goodhue Wabasha & Pierce Counties is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in August 1962, 64 years ago. 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 March 2023, United Way of Goodhue Wabasha & Pierce Counties reported income of $529k and spending of $566k, spending 107% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $486k to $529k (+8.9%), an average of +2.1% a year. The sharpest change came in the year to March 2021, when income rose by 109%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Goodhue Wabasha & Pierce Counties sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Southwest Harbor-Tremont Nursing Service Inc ($529k), National Church Residences of ($529k) and Community Partners Campus Inc ($529k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $151k. At year end it held assets of $517k against liabilities of $215k, net assets of $302k. It reported 5 employees.