Greater Lowell Family Y M C a

Analysis

Greater Lowell Family Y M C a is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in April 1934, 92 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 December 2023, Greater Lowell Family Y M C a reported income of $6.3m and spending of $5.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Lowell Family Y M C a sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Sunshine Place Inc ($6.3m), Happy Hill Farm Childrens Home Inc ($6.3m) and Las Vegas Rescue Mission ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $186k (3.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $11.9m against liabilities of $3.5m, net assets of $8.4m. It reported 288 employees.