Mile High United Way Inc

Analysis

Mile High United Way Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1959, 67 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, Mile High United Way Inc reported income of $31.2m and spending of $30.7m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $56.6m to $31.2m (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mile High United Way Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Jewish Federation of Cincinnati ($31.2m), Naples Children Foundation Inc ($31.3m) and The Community Foundation of Utah ($31.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $567k (1.8% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $70.0m against liabilities of $9.3m, net assets of $60.8m. It reported 189 employees.