YMCA of Greater Springfield Inc

Analysis

YMCA of Greater Springfield Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1923, 103 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, YMCA of Greater Springfield Inc reported income of $10.8m and spending of $10.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.2m to $10.8m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Greater Springfield Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Impact Inc ($10.8m), Alum Rock Counseling Center Inc ($10.8m) and Center of Hope Foundation Incorporated ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $317k (3.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $14.0m against liabilities of $6.7m, net assets of $7.3m. It reported 344 employees.