YMCA of Greater Westfield Inc

Analysis

YMCA of Greater Westfield Inc is a registered charity in United States, based in Westfield, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, YMCA of Greater Westfield Inc reported income of $4.1m and spending of $3.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Greater Westfield Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Visions and Pathways a NJ Nonprofit Corporation ($4.1m), VGS Inc ($4.1m) and Mississippi Gulf Coast Young Mens Christian Association Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $193k (5.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $12.0m against liabilities of $66k, net assets of $11.9m. It reported 209 employees.