Sherman Lake YMCA Outdoor Center

Analysis

Sherman Lake YMCA Outdoor Center is a registered charity in United States, based in Augusta, MI. It received its IRS tax-exemption ruling in March 2017, 9 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, Sherman Lake YMCA Outdoor Center reported income of $4.0m and spending of $4.7m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $4.0m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sherman Lake YMCA Outdoor Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Ayco ($4.0m), Professional Family Care Services Inc ($4.0m) and Opportunity Homes Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $208k (4.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $14.5m against liabilities of $290k, net assets of $14.3m. It reported 235 employees.