Cole Center Family YMCA

Analysis

Cole Center Family YMCA is a registered charity in United States, based in Kendallville, IN. It received its IRS tax-exemption ruling in August 1971, 55 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, Cole Center Family YMCA reported income of $3.2m and spending of $2.2m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cole Center Family YMCA sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Smart Love Parenting Center ($3.2m), Overlake Service League ($3.2m) and The Ivins Outreach Center ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 41% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $13.6m against liabilities of $224k, net assets of $13.4m. It reported 217 employees.