Bath Area Family YMCA

Analysis

Bath Area Family YMCA is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in November 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bath Area Family YMCA reported income of $5.7m and spending of $4.2m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.5m to $5.7m (+27%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bath Area Family YMCA sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Port Washington Childrens Center ($5.7m), Neads Inc ($5.7m) and Childrens Home of Lubbock and Family Service Agency Inc ($5.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $307k (7.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.6m against liabilities of $1.7m, net assets of $7.9m. It reported 192 employees.