YWCA Northeastern Massachusetts Inc

Analysis

YWCA Northeastern Massachusetts Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in July 1934, 92 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 2023, YWCA Northeastern Massachusetts Inc reported income of $10.4m and spending of $9.3m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.3m to $10.4m (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA Northeastern Massachusetts Inc sits at the 95th percentile: it is larger than about 95% 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 Make-A-Wish Foundation of Greater Pennsylvania and West Virginia Inc ($10.4m), Big Green Scholarship Foundation Inc ($10.4m) and Outreach Foundation of the Presbyterian Church Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $434k (4.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $12.9m against liabilities of $5.2m, net assets of $7.6m. It reported 154 employees.