Belvidere Family YMCA

Analysis

Belvidere Family YMCA is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in July 1942, 84 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, Belvidere Family YMCA reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $996k to $1.3m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belvidere Family 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 82nd percentile within IL. Charities of a similar size with the same main cause include Sustainable Chesapeake ($1.3m), The Love Pray Peace Project Veterans Residence ($1.3m) and New Jersey State Golf Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $64k (5.6% of expenses). Other salaries and wages came to $471k. At year end it held assets of $1.7m against liabilities of $167k, net assets of $1.5m. It reported 80 employees.