St Cloud Area Family YMCA

Analysis

St Cloud Area Family YMCA is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in December 1969, 57 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, St Cloud Area Family YMCA reported income of $12.8m and spending of $5.9m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $12.8m (+148%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Cloud Area Family YMCA 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 Childserve Therapy Inc ($12.8m), Big Brothers Big Sisters of Massachusetts Bay Inc ($12.8m) and Make-A-Wish Foundation of Metro New York and Western New York ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $314k (5.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $39.8m against liabilities of $2.1m, net assets of $37.7m. It reported 328 employees.