YMCA

Analysis

YMCA is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in July 1934, 92 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 June 2023, YMCA reported income of $5.2m and spending of $3.8m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $5.2m (+96%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Twilight Haven ($5.2m), Hands on Hartford Inc ($5.2m) and Meals on Wheels Diablo Region ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $7.4m against liabilities of $2.3m, net assets of $5.1m. It reported 182 employees.