Metrowest YMCA

Analysis

Metrowest YMCA is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in March 1965, 61 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, Metrowest YMCA reported income of $19.4m and spending of $14.8m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.8m to $19.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metrowest YMCA sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Ryther ($19.4m), Human Resources Development Institute Inc ($19.4m) and Childrens Trust Fund of South Carolina ($19.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $767k (5.2% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $32.8m against liabilities of $9.4m, net assets of $23.4m. It reported 690 employees.