Family YMCA

Analysis

Family YMCA is a registered charity in United States, based in Charles City, IA. It received its IRS tax-exemption ruling in October 1974, 52 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, Family YMCA reported income of $695k and spending of $790k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $758k to $695k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family YMCA sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Honduras Baptist Dental Mission Inc ($695k), Artreach Inc ($695k) and Park Silly Sunday Market ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $382k. At year end it held assets of $1.0m against liabilities of $135k, net assets of $872k. It reported 60 employees.