Glacial Community YMCA Inc

Analysis

Glacial Community YMCA Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in October 1944, 82 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, Glacial Community YMCA Inc reported income of $21.1m and spending of $10.5m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $21.1m (+121%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glacial Community YMCA Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include The Sarah Community ($21.1m), The Society of Saint Andrew Inc ($21.2m) and Palolo Chinese Home ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $242k (2.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $29.4m against liabilities of $6.6m, net assets of $22.8m. It reported 634 employees.