Kennebec Valley YMCA

Analysis

Kennebec Valley YMCA is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in October 1970, 56 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, Kennebec Valley YMCA reported income of $3.6m and spending of $3.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.6m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennebec Valley YMCA sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Rape Victims Services Inc ($3.6m), Russell Home for Atypical Children Inc ($3.6m) and Consumer Credit Counseling of Springfield Missouri Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $99k (2.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.7m against liabilities of $2.0m, net assets of $5.7m. It reported 143 employees.