Valley Shore YMCA

Analysis

Valley Shore YMCA is a registered charity in United States, based in Westbrook, CT. It received its IRS tax-exemption ruling in March 1945, 81 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, Valley Shore YMCA reported income of $3.2m and spending of $3.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.2m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Shore YMCA sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Business Opportunities for the Blind Inc ($3.2m), Hawaii Agriculture Research Center ($3.2m) and The Arkansas Center for Independence Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $134k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 133 employees.