Valparaiso YMCA

Analysis

Valparaiso YMCA is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in June 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valparaiso YMCA reported income of $6.3m and spending of $6.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $6.3m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valparaiso YMCA sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include St Joseph Food Program Inc ($6.3m), Lutheran Social Services of Indiana Inc ($6.3m) and Gaston Residential Services Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $247k (3.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $18.4m against liabilities of $4.7m, net assets of $13.7m. It reported 422 employees.