Hopewell Valley YMCA

Analysis

Hopewell Valley YMCA is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in March 1959, 67 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 August 2023, Hopewell Valley YMCA reported income of $1.8m and spending of $1.5m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $1.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to August 2022, when income rose by 216%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopewell Valley YMCA sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Childrens Home of Wheeling ($1.8m), Agape Child Development Center ($1.8m) and Sparc Philadelphia ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $102k (7.0% of expenses). Other salaries and wages came to $678k. At year end it held assets of $821k against liabilities of $83k, net assets of $739k. It reported 86 employees.