Fergus Falls Area Family YMCA

Analysis

Fergus Falls Area Family YMCA is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in September 1968, 58 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, Fergus Falls Area Family YMCA reported income of $1.4m and spending of $1.7m, spending 123% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.4m to $1.4m (+1.8%), an average of +0.6% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fergus Falls Area Family YMCA sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Siskiyou Family YMCA Inc ($1.4m), Greer Community Ministries Inc ($1.4m) and Kodiak Baptist Mission ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Other salaries and wages came to $803k. At year end it held assets of $2.3m against liabilities of $211k, net assets of $2.1m. It reported 125 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.