Broome County YMCA Foundation

Analysis

Broome County YMCA Foundation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Broome County YMCA Foundation reported income of $56k and spending of $21k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $56k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 287%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broome County YMCA Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Chugiak-Eagle River Foundation Inc ($56k), Crenshaw Health Partners Inc ($56k) and Little Bitty Animal Sanctuary Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $1.3m against liabilities of $250k, net assets of $1.0m.