Bangor YMCA Foundation

Analysis

Bangor YMCA Foundation is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bangor YMCA Foundation reported income of $99k and spending of $55k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $99k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 225%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bangor YMCA Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 30th percentile within ME. Charities of a similar size with the same main cause include Chance Project ($99k), Coplay ($99k) and Aarons Hands Ministries Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $2.0m against liabilities of $16k, net assets of $2.0m.