YMCA Endowment Foundation of Akron

Analysis

YMCA Endowment Foundation of Akron is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, YMCA Endowment Foundation of Akron reported income of $65k and spending of $92k, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $143k to $65k (-55%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 256%. Over the whole period it spent 169% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, YMCA Endowment Foundation of Akron sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Santa Fe Touchdown Club ($65k), Connors Way Inc ($65k) and Yorba Linda High School Womens Volleyball Booster Club ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.