Regional YMCA of Western Connecticut Inc

Analysis

Regional YMCA of Western Connecticut Inc is a registered charity in United States, based in Brookfield, CT. It received its IRS tax-exemption ruling in January 1970, 56 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, Regional YMCA of Western Connecticut Inc reported income of $7.2m and spending of $7.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $7.2m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regional YMCA of Western Connecticut Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Jubilee Park & Community Center Corporation ($7.2m), Hospice of the Ozarks Inc ($7.2m) and Greater Sacramento Urban League ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $216k (3.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $8.8m against liabilities of $5.9m, net assets of $2.9m. It reported 400 employees.