The Greater Morristown YMCA Inc

Analysis

The Greater Morristown YMCA Inc is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in April 1973, 53 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, The Greater Morristown YMCA Inc reported income of $10.5m and spending of $9.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.9m to $10.5m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Greater Morristown YMCA Inc 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Hispanic Housing Development Corp ($10.5m), Sick Kids Need Involved People of New York Inc ($10.5m) and Colorado Chautauqua Association ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $345k (3.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $23.4m against liabilities of $6.3m, net assets of $17.1m. It reported 335 employees.