Raritan Valley Y M C a

Analysis

Raritan Valley Y M C a is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in November 1934, 92 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, Raritan Valley Y M C a reported income of $3.5m and spending of $2.6m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.5m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raritan Valley Y M C a sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Surti Lueva Patidar Samaj of DFW ($3.5m), Inadvance ($3.5m) and Medina Creative Accessibility ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $124k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.5m against liabilities of $1.8m, net assets of $5.8m. It reported 163 employees.