United Way of the Mid-South

Analysis

United Way of the Mid-South is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1974, 52 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 Mid-South reported income of $11.9m and spending of $14.7m, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $17.9m to $11.9m (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income dropped by 46%. Over the whole period it spent 98% 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 Mid-South sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Northwest Connecticut Community Foundation Inc ($11.9m), Akron Community Foundation ($11.9m) and Major League Baseball Charities Inc ($11.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $944k (6.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $17.1m against liabilities of $4.3m, net assets of $12.8m. It reported 96 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.