YWCA Central Massachusetts Inc

Analysis

YWCA Central Massachusetts Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in July 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 September 2023, YWCA Central Massachusetts Inc reported income of $10.1m and spending of $9.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.1m to $10.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2020, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YWCA Central Massachusetts Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Jewish Federation of Greater Harrisburg ($10.1m), Sol Care Services Inc ($10.1m) and Sumner Community Food Bank ($10.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $241k (2.6% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $21.2m against liabilities of $6.0m, net assets of $15.1m. It reported 282 employees.