Hanover Area YMCA

Analysis

Hanover Area YMCA is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in June 1973, 53 years ago. 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, Hanover Area YMCA reported income of $9.4m and spending of $7.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $9.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hanover Area YMCA sits at the 95th percentile: it is larger than about 95% 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 All Saints Assisted Living Center Inc ($9.4m), Pga Foundation Inc ($9.4m) and Volunteers in Medicine Clinic ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $291k (3.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $18.3m against liabilities of $1.2m, net assets of $17.1m. It reported 360 employees.