Cambridge Family YMCA

Analysis

Cambridge Family YMCA is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1966, 60 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 June 2023, Cambridge Family YMCA reported income of $3.5m and spending of $3.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.5m (+0.2%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cambridge Family YMCA sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Boy Scouts of America ($3.5m), Appraisal Foundation ($3.5m) and University School Alumni Assoc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $407k (13% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.9m against liabilities of $608k, net assets of $4.3m. It reported 102 employees.