Sterling-Rock Falls Family YMCA of Sterling Illinois

Analysis

Sterling-Rock Falls Family YMCA of Sterling Illinois is a registered charity in United States, based in Sterling, IL. It received its IRS tax-exemption ruling in November 1944, 82 years ago. 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, Sterling-Rock Falls Family YMCA of Sterling Illinois reported income of $2.6m and spending of $3.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.6m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sterling-Rock Falls Family YMCA of Sterling Illinois sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Country Radio Broadcasters Inc ($2.6m), Cancer Support Community Valley- Ventura-Santa Barbara Inc ($2.6m) and Faith Christian Academy Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $220k (7.3% of expenses). Other salaries and wages came to $885k. At year end it held assets of $7.1m against liabilities of $1.8m, net assets of $5.3m. It reported 171 employees.