The Southington-Cheshire Community Ymcas Inc

Analysis

The Southington-Cheshire Community Ymcas Inc is a registered charity in United States, based in Southington, CT. It received its IRS tax-exemption ruling in January 1938, 88 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Southington-Cheshire Community Ymcas Inc reported income of $16.4m and spending of $13.3m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $16.4m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Southington-Cheshire Community Ymcas Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include David and Margaret Home Inc ($16.4m), Ascentria Care Alliance Inc ($16.4m) and Third and Oak Corporation ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $317k (2.4% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $25.9m against liabilities of $2.8m, net assets of $23.2m. It reported 874 employees.