Y M C a of Westfield N J

Analysis

Y M C a of Westfield N J is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in December 1937, 89 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, Y M C a of Westfield N J reported income of $13.9m and spending of $12.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.5m to $13.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Y M C a of Westfield N J sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Learn & Play ($13.9m), Larc Inc ($13.9m) and Kaizen Food Rescue ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.0m (8.3% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $31.2m against liabilities of $7.8m, net assets of $23.4m. It reported 528 employees.