Young Womens Christian Association New Britain

Analysis

Young Womens Christian Association New Britain is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in July 1942, 84 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 December 2023, Young Womens Christian Association New Britain reported income of $8.0m and spending of $7.6m, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $5.6m to $8.0m (+42%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Womens Christian Association New Britain sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include The Ohio Organzing Collaborative ($8.0m), Durham-Chapel Hill Jewish Federation ($8.0m) and Shanti Project Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $229k (3.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $9.8m against liabilities of $1.5m, net assets of $8.2m. It reported 200 employees.