Greater Wyoming Valley Area YMCA

Analysis

Greater Wyoming Valley Area YMCA is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in April 1934, 92 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Wyoming Valley Area YMCA reported income of $9.4m and spending of $7.9m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $9.4m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Wyoming Valley 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 Our Home Inc ($9.4m), Learning Forward ($9.4m) and Intermountain Deaconess Childrens Services ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $140k (1.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $25.7m against liabilities of $2.5m, net assets of $23.2m. It reported 482 employees.