YWCA of Southeastern Massachuetts

Analysis

YWCA of Southeastern Massachuetts is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in June 1936, 90 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 June 2024, YWCA of Southeastern Massachuetts reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.8m (+66%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA of Southeastern Massachuetts sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Somos Inc ($1.8m), The Housing Fellowship ($1.8m) and O and B Community Homes ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $186k (10% of expenses). Other salaries and wages came to $534k. At year end it held assets of $7.1m against liabilities of $3.4m, net assets of $3.6m. It reported 26 employees.