YMCA of Marthas Vineyard Inc

Analysis

YMCA of Marthas Vineyard Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Marthas Vineyard Inc reported income of $5.0m and spending of $6.0m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $5.0m (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, YMCA of Marthas Vineyard Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Nova of Virginia Aquatics Inc ($5.0m), Oregon School Activities Association ($5.0m) and Club Ohio Soccer Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $348k (5.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $22.8m against liabilities of $1.0m, net assets of $21.8m. It reported 164 employees.