United Way of Middle Tennessee Inc

Analysis

United Way of Middle Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1975, 51 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 December 2023, United Way of Middle Tennessee Inc reported income of $44.6m and spending of $45.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.2m to $44.6m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 87% 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 Middle Tennessee Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Jewish Federation of Southern New Jersey ($44.4m), Omaha Community Foundation Donor Directed Depository ($44.7m) and Community Foundation of Greater Flint ($43.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $1.4m (3.0% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $69.4m against liabilities of $12.8m, net assets of $56.6m. It reported 110 employees.