Huntington YMCA Foundation Inc

Analysis

Huntington YMCA Foundation Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in February 1970, 56 years ago. 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, Huntington YMCA Foundation Inc reported income of $1.9m and spending of $39k, leaving 98% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $142k to $1.9m (+1241%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 2607%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntington YMCA Foundation Inc 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 86th percentile, and in the 85th percentile within WV. Charities of a similar size with the same main cause include Canton Student Loan Foundation ($1.9m), Sanctuary Inc ($1.9m) and In Touch Mission International Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $13k (34% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.