Henry County YMCA

Analysis

Henry County YMCA is a registered charity in United States, based in New Castle, IN. It received its IRS tax-exemption ruling in October 1944, 82 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, Henry County YMCA reported income of $1.3m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henry County YMCA 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 83rd percentile within IN. Charities of a similar size with the same main cause include Uxbridge Housing Associates Inc ($1.3m), Minority AIDS Project ($1.4m) and Clovis Christian Schools Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $79k (5.6% of expenses). Other salaries and wages came to $499k. At year end it held assets of $3.5m against liabilities of $111k, net assets of $3.4m. It reported 147 employees.