Wyckoff Family YMCA

Analysis

Wyckoff Family YMCA is a registered charity in United States, based in Wyckoff, NJ. It received its IRS tax-exemption ruling in April 1981, 45 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, Wyckoff Family YMCA reported income of $23.8m and spending of $23.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.7m to $23.8m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wyckoff Family YMCA sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include St Catherines Center for Children ($23.8m), Cotter Schools ($23.8m) and William Carey International University ($23.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $457k (1.9% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $33.1m against liabilities of $5.1m, net assets of $28.0m. It reported 1,079 employees.