Ym-Ywha of Union County Inc

Analysis

Ym-Ywha of Union County Inc is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in March 1988, 38 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 August 2023, Ym-Ywha of Union County Inc reported income of $5.1m and spending of $4.4m, spending 87% of its income. Across the 5 years on record, from September 2019 to August 2023, income grew from $2.7m to $5.1m (+84%), an average of +16% a year. The sharpest change came in the year to August 2023, when income rose by 101%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ym-Ywha of Union County Inc 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 Spokane Guilds School and Neuromuscular Center ($5.1m), Laurelbrook Sanitarium and School Incorporated ($5.1m) and Laramie County Community College Foundation ($5.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.1m against liabilities of $402k, net assets of $662k. It reported 131 employees.