Lake Superior YMCA Foundation Inc

Analysis

Lake Superior YMCA Foundation Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Superior YMCA Foundation Inc reported income of $489k and spending of $71k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $801k to $489k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 13% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Superior YMCA Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Rez Refuge Ministries Inc ($489k), Platte Senior Services Inc ($489k) and Restore Braj ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $8.7m against liabilities of $525, net assets of $8.7m.