Northern Lights YMCA Inc

Analysis

Northern Lights YMCA Inc is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in February 1986, 40 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, Northern Lights YMCA Inc reported income of $5.0m and spending of $4.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $5.0m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northern Lights YMCA Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Eihab Human Services Pennsylvania Inc ($5.0m), Fretzpark Homes Inc ($5.0m) and Mill Hill Child and Family Development Corporation ($5.0m).

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 $82k (1.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $10.1m against liabilities of $705k, net assets of $9.4m. It reported 329 employees.