YMCA of Metropolitan Detroit

Analysis

YMCA of Metropolitan Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, YMCA of Metropolitan Detroit reported income of $27.5m and spending of $30.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $37.1m to $27.5m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Metropolitan Detroit sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Humangood Arizona Inc ($27.5m), Covenant Living of Cromwell Inc ($27.6m) and Feeding America Kentuckys Heartland Inc ($27.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $668k (2.2% of expenses). Other salaries and wages came to $11.8m. It paid $61k in professional fundraising fees. At year end it held assets of $40.7m against liabilities of $15.4m, net assets of $25.3m. It reported 1,267 employees.