Family YMCA of Black Hawk County

Analysis

Family YMCA of Black Hawk County is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in August 1942, 84 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 June 2021, Family YMCA of Black Hawk County reported income of $2.5m and spending of $2.1m, spending 84% of its income. Across the 3 years on record, from June 2019 to June 2021, income fell from $2.5m to $2.5m (-2.1%), an average of -1.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family YMCA of Black Hawk County 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 89th percentile within IA. Charities of a similar size with the same main cause include Day One ($2.5m), Ignatian Lay Volunteer Corps ($2.5m) and Legal Services of North Dakota ($2.5m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 26% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $180k (8.7% of expenses). Other salaries and wages came to $971k. At year end it held assets of $2.8m against liabilities of $763k, net assets of $2.0m. It reported 227 employees.