West Morris Area YMCA

Analysis

West Morris Area YMCA is a registered charity in United States, based in Randolph, NJ. It received its IRS tax-exemption ruling in March 1934, 92 years ago. 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, West Morris Area YMCA reported income of $5.4m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.4m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Morris Area YMCA sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include National Eating Disorders Association ($5.4m), American Institute of Mathematics ($5.4m) and Fond du Lac Area Foundation ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $175k (3.1% of expenses). Other salaries and wages came to $2.7m. It paid $72k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $1.1m, net assets of $4.4m. It reported 297 employees.