Y M C a of McCook

Analysis

Y M C a of McCook is a registered charity in United States, based in McCook, NE. It received its IRS tax-exemption ruling in November 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Y M C a of McCook reported income of $2.9m and spending of $1.0m, leaving 64% of income unspent that year. Across the 6 years on record, from March 2019 to December 2023, income grew from $748k to $2.9m (+284%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Y M C a of McCook sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include Neighbors Consejo ($2.9m), Sabil USA ($2.9m) and Bridge of Hope Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $77k (7.4% of expenses). Other salaries and wages came to $377k. At year end it held assets of $4.8m against liabilities of $1,097, net assets of $4.8m. It reported 83 employees.