Young Womens Christian Association of Binghamton and Broome County

Analysis

Young Womens Christian Association of Binghamton and Broome County is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in June 1942, 84 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 December 2023, Young Womens Christian Association of Binghamton and Broome County reported income of $5.4m and spending of $5.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.4m (+158%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Womens Christian Association of Binghamton and Broome County sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Selfhelp Community Services Foundation Inc ($5.4m), Verde Valley School ($5.4m) and Wine Spectator California Scholarship Foundation ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $115k (2.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.7m against liabilities of $1.6m, net assets of $7.1m. It reported 110 employees.