Shiawassee Area YMCA

Analysis

Shiawassee Area YMCA is a registered charity in United States, based in Owosso, MI. It received its IRS tax-exemption ruling in September 1948, 78 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 December 2023, Shiawassee Area YMCA reported income of $1.4m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $1.4m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shiawassee Area YMCA sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Resurrection House Inc ($1.4m), Reimagine Reentry Inc ($1.4m) and Program for Torture Victims ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $125k (10% of expenses). Other salaries and wages came to $480k. At year end it held assets of $428k against liabilities of $192k, net assets of $236k. It reported 72 employees.