Muscatine Community Y

Analysis

Muscatine Community Y is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in June 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 December 2023, Muscatine Community Y reported income of $2.5m and spending of $2.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.5m (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Muscatine Community Y sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Hope Inc ($2.5m), Wells of Life Inc ($2.5m) and Little Saint Nick Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $135k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $16.5m against liabilities of $143k, net assets of $16.3m. It reported 203 employees.