YMCA of the North Shore Inc

Analysis

YMCA of the North Shore Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in August 1942, 84 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, YMCA of the North Shore Inc reported income of $68.0m and spending of $62.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.8m to $68.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of the North Shore Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Community Action Project of Tulsa County Inc ($67.9m), Catholic Charities of the Archdiocese of St Paul & MPLS ($68.2m) and Cal Foods Logistics ($67.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.7m (2.7% of expenses). Other salaries and wages came to $31.7m. At year end it held assets of $137.7m against liabilities of $41.3m, net assets of $96.5m. It reported 2,298 employees.