Geary Family YMCA of Fostoria

Analysis

Geary Family YMCA of Fostoria is a registered charity in United States, based in Fostoria, OH. It received its IRS tax-exemption ruling in December 1942, 84 years ago. 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 December 2023, Geary Family YMCA of Fostoria reported income of $1.4m and spending of $1.7m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geary Family YMCA of Fostoria sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Society of St Vincent de Paul Particular Council City of Dubuque ($1.4m), Bay Area Women Against Rape ($1.4m) and Arc Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 40% of the total. Other salaries and wages came to $799k. At year end it held assets of $3.8m against liabilities of $170k, net assets of $3.6m. It reported 100 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.