United Way of the Midlands

Analysis

United Way of the Midlands is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in October 1955, 71 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 the Midlands reported income of $13.1m and spending of $14.0m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $13.8m to $13.1m (-5.7%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 86% 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 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 97th percentile within SC. Charities of a similar size with the same main cause include Mid-Shore Community Foundation Inc ($13.0m), Blue Mountain Community Foundation ($13.1m) and Fifth Third Charitable Gift Fund ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $329k (2.3% of expenses). It paid $438k in professional fundraising fees. At year end it held assets of $20.8m against liabilities of $1.2m, net assets of $19.6m. It reported 82 employees.