YMCA Foundation

Analysis

YMCA Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, YMCA Foundation reported income of $1.5m and spending of $36k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $1.5m (+544%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, YMCA Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include The Lam Foundation ($1.5m), Thomas Alva Edison Foundation ($1.5m) and Lehava-Rctt Reviving Communities Through Torah Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m.