New York State YMCA Foundation Inc

Analysis

New York State YMCA Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1936, 90 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, New York State YMCA Foundation Inc reported income of $2.2m and spending of $1.6m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 396%. 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, New York State YMCA Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Green Oaks Center ($2.2m), Valley Points Family YMCA ($2.2m) and Christian Service Mission ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. At year end it held assets of $3.0m against liabilities of $194k, net assets of $2.8m.