Old Town-Orono YMCA Foundation

Analysis

Old Town-Orono YMCA Foundation is a registered charity in United States, based in Old Town, ME. It received its IRS tax-exemption ruling in January 1993, 33 years ago. 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 June 2024, Old Town-Orono YMCA Foundation reported income of $1.1m and spending of $578k, leaving 45% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $252k to $1.1m (+318%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 355%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Town-Orono YMCA Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Youth-Reach Houston Inc ($1.1m), Timber River Connections ($1.1m) and National Church Residences ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.1% of the total. At year end it held assets of $7.1m against liabilities of $5,800, net assets of $7.1m.