YWCA of Mount Desert Island

Analysis

YWCA of Mount Desert Island is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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, YWCA of Mount Desert Island reported income of $589k and spending of $622k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $589k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA of Mount Desert Island sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Los Angeles Urban Foundation ($589k), Retiree Housing of Worcester Inc ($589k) and LA Vista-Metropolitan Community College Condominium Owners Assoc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $62k (9.9% of expenses). Other salaries and wages came to $178k. At year end it held assets of $6.7m against liabilities of $816k, net assets of $5.9m. It reported 8 employees.