Golden Corridor Family YMCA

Analysis

Golden Corridor Family YMCA is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Golden Corridor Family YMCA reported income of $7.2m and spending of $6.6m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.5m to $7.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2022, when income rose by 37%. 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, Golden Corridor Family YMCA sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Sa-Mdy Inc ($7.2m), Shore Community Services Inc ($7.2m) and Vine Maple Place ($7.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $164k (2.5% of expenses). At year end it held assets of $12.0m against liabilities of $3.4m, net assets of $8.6m. It reported 369 employees.