United Way of the Midlands

Analysis

United Way of the Midlands is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1954, 72 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 2024, United Way of the Midlands reported income of $28.1m and spending of $28.7m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $18.0m to $28.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 102% 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 the Midlands sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Redf ($28.0m), Southwest Florida Community Foundation Inc ($28.1m) and Grand Rapids Community Foundation ($27.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $1.4m (4.8% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $25.2m against liabilities of $14.1m, net assets of $11.1m. It reported 170 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.