United Way-Mccormick Partnership for Strong Neighborhoods Inc

Analysis

United Way-Mccormick Partnership for Strong Neighborhoods Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2018, 8 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-Mccormick Partnership for Strong Neighborhoods Inc reported income of $8.2m and spending of $8.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $8.2m (+102%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 94% 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-Mccormick Partnership for Strong Neighborhoods Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Newthreads of Hope Inc ($8.2m), Community Foundation of North Central Florida Inc ($8.3m) and Living Stones Foundation Charitable TR ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.