Fulton Family YMCA

Analysis

Fulton Family YMCA is a registered charity in United States, based in Fulton, NY. It received its IRS tax-exemption ruling in June 1965, 61 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, Fulton Family YMCA reported income of $2.1m and spending of $2.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.1m (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fulton Family YMCA sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Monroe County Public Library ($2.1m), Opportunities Industrialization Center Inc ($2.1m) and Boy Scouts of America ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $64k (3.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $401k, net assets of $948k. It reported 115 employees.