Down East Family YMCA

Analysis

Down East Family YMCA is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in March 1987, 39 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, Down East Family YMCA reported income of $5.1m and spending of $5.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Down East Family YMCA sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Rochester Childfirst Network ($5.1m), Hortons Kids Inc ($5.1m) and Memorial Foundation Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.2m. It reported 234 employees.