Young Womens Christian Association of Elgin Ill

Analysis

Young Womens Christian Association of Elgin Ill is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in August 1942, 84 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 June 2024, Young Womens Christian Association of Elgin Ill reported income of $2.0m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $2.0m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Womens Christian Association of Elgin Ill sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Women Resource Center of Manatee Inc ($2.0m), Holbrook Community Center ($2.0m) and Christies Place Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $177k (8.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.9m against liabilities of $204k, net assets of $1.7m. It reported 71 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.