YWCA of Western Massachusetts

Analysis

YWCA of Western Massachusetts is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, YWCA of Western Massachusetts reported income of $7.8m and spending of $7.5m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.4m to $7.8m (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YWCA of Western Massachusetts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Alternative Structures International ($7.8m), Immigrant Family Services Institute Inc ($7.8m) and YWCA South Florida Inc ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $343k (4.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $18.7m against liabilities of $2.9m, net assets of $15.9m. It reported 231 employees.