Ann Arbor YMCA

Analysis

Ann Arbor YMCA is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in December 1956, 70 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, Ann Arbor YMCA reported income of $8.6m and spending of $9.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $8.6m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ann Arbor YMCA sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include St Josephs Elder Services Inc ($8.6m), Shura Inc ($8.6m) and Gan Kavod Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $502k (5.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $30.4m against liabilities of $844k, net assets of $29.5m. It reported 562 employees.