YMCA Foundation of South Palm Beach County Inc

Analysis

YMCA Foundation of South Palm Beach County Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, YMCA Foundation of South Palm Beach County Inc reported income of $325k and spending of $100k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $325k (+1413%), an average of +97% a year. The sharpest change came in the year to December 2022, when income rose by 228%. Over the whole period it spent 31% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, YMCA Foundation of South Palm Beach County Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Edina Football Association ($325k), Minnesota Quilters Inc ($325k) and Breakthrough Bike Challenge ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $5.0m against liabilities of $45k, net assets of $5.0m.