Manitowoc-Two Rivers YMCA Inc

Analysis

Manitowoc-Two Rivers YMCA Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in November 1966, 60 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 August 2023, Manitowoc-Two Rivers YMCA Inc reported income of $4.1m and spending of $3.8m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $4.1m (+11%), an average of +2.7% a year. The sharpest change came in the year to August 2021, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Manitowoc-Two Rivers YMCA Inc 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 WI. Charities of a similar size with the same main cause include Green Hills Community Action Agency ($4.1m), Resource and Crisis Center of Galveston County ($4.1m) and Kansas Senior Living Inc ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $108k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.5m against liabilities of $330k, net assets of $9.1m. It reported 187 employees.