Algona Family YMCA Foundation

Analysis

Algona Family YMCA Foundation is a registered charity in United States, based in Algona, IA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Algona Family YMCA Foundation reported income of $78k and spending of $203k, spending 261% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $367k to $78k (-79%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Algona Family YMCA Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IA. Charities of a similar size with the same main cause include Elephants Rhinos & People ($78k), Streator Ramp Builders ($78k) and Mas Pantry ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.