YMCA of Reading & Berks Co

Analysis

YMCA of Reading & Berks Co is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, YMCA of Reading & Berks Co reported income of $8.7m and spending of $9.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $8.7m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Reading & Berks Co sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Bridge Over Troubled Waters Inc ($8.7m), Sonoma County Family YMCA ($8.7m) and Burger King Foundation Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $435k (4.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.3m against liabilities of $4.5m, net assets of $5.8m. It reported 408 employees.