The Granite YMCA

Analysis

The Granite YMCA is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in January 1938, 88 years ago. 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 May 2023, The Granite YMCA reported income of $25.1m and spending of $24.6m, spending 98% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $19.0m to $25.1m (+32%), an average of +9.8% a year. The sharpest change came in the year to May 2022, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Granite YMCA sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Depaul Community Resources ($25.1m), The Pegasus School ($25.1m) and Mississippi Childrens Home Society ($25.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $435k (1.8% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $47.4m against liabilities of $11.0m, net assets of $36.5m. It reported 1,157 employees.