YWCA of Minneapolis

Analysis

YWCA of Minneapolis is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1942, 84 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 June 2023, YWCA of Minneapolis reported income of $15.5m and spending of $19.3m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $20.8m to $15.5m (-26%), an average of -9.4% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YWCA of Minneapolis sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include 412 Food Rescue Inc ($15.5m), Akshaya Patra Foundation USA ($15.5m) and Northeast Iowa Comm Action Corp ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $625k (3.2% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $42.4m against liabilities of $5.1m, net assets of $37.3m. It reported 372 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.