McGaw YMCA

Analysis

McGaw YMCA is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in June 1946, 80 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, McGaw YMCA reported income of $5.2m and spending of $5.8m, spending 112% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $17.6m to $5.2m (-71%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. 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, McGaw YMCA sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Hospice of Yancey County Inc Dba Compassionate Care Western NC ($5.2m), A Tender Love and Care Inc ($5.2m) and Ventures ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $310k (5.4% of expenses). Other salaries and wages came to $2.5m. It paid $60k in professional fundraising fees. At year end it held assets of $22.8m against liabilities of $6.1m, net assets of $16.7m. It reported 774 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.