Aberdeen Family YMCA

Analysis

Aberdeen Family YMCA is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in July 1944, 82 years ago. 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 August 2023, Aberdeen Family YMCA reported income of $6.9m and spending of $5.2m, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.5m to $6.9m (+55%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aberdeen Family YMCA sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within SD. Charities of a similar size with the same main cause include Committee on the Shelterless ($6.9m), World Radio Missionary Fellowship Inc ($6.9m) and Northridge Preparatory School Inc ($6.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $233k (4.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $20.2m against liabilities of $745k, net assets of $19.4m. It reported 399 employees.