Binghamton Broome County Y M C a

Analysis

Binghamton Broome County Y M C a is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in August 1944, 82 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, Binghamton Broome County Y M C a reported income of $2.9m and spending of $3.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $2.9m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Binghamton Broome County Y M C a 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Brightside Inc ($2.9m), Hopeful Beginnings ($2.9m) and Athol Young Mens Christian Association and Subsidiary ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $174k (5.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.6m against liabilities of $2.5m, net assets of $1.2m. It reported 229 employees.