Mt Desert Island YMCA

Analysis

Mt Desert Island YMCA is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mt Desert Island YMCA reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2021, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mt Desert Island YMCA sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Ken Anderson Alliance ($1.8m), LA Luz Center ($1.8m) and Core of Scottsville and Allen County Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $98k (5.3% of expenses). Other salaries and wages came to $740k. At year end it held assets of $5.3m against liabilities of $198k, net assets of $5.1m. It reported 74 employees.