Red Wing Family YMCA

Analysis

Red Wing Family YMCA is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in December 1944, 82 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Wing Family YMCA reported income of $2.5m and spending of $2.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.5m (-1.0%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Wing Family YMCA sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Alfred State College Development Fu ND Inc ($2.5m), United Federation of Black Community Organizations Inc ($2.5m) and Mountain School Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $112k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.1m against liabilities of $273k, net assets of $7.8m. It reported 167 employees.