United Way of Northeast Mississippi Inc

Analysis

United Way of Northeast Mississippi Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in August 2022, 4 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 September 2023, United Way of Northeast Mississippi Inc reported income of $2.2m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.2m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to September 2023, when income dropped by 22%. Over the whole period it spent 100% 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 Northeast Mississippi Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Oyate Teca Project ($2.2m), Crockett Foundation Inc ($2.2m) and Mercyhealth Development Foundation Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $101k (4.4% of expenses). Other salaries and wages came to $468k. At year end it held assets of $2.5m against liabilities of $135k, net assets of $2.4m. It reported 15 employees.