Ym-Ywha of Boro Park

Analysis

Ym-Ywha of Boro Park is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1952, 74 years ago. 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 June 2023, Ym-Ywha of Boro Park reported income of $2.4m and spending of $2.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.4m (+12%), an average of +3.0% a year. 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, Ym-Ywha of Boro Park sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include WRC Senior Services ($2.4m), Rabat American School Association Inc ($2.4m) and Bay Area Enterprises Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $130k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $494k, net assets of $600k. It reported 139 employees.