William a Hunton YMCA Inc

Analysis

William a Hunton YMCA Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in January 1974, 52 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 2023, William a Hunton YMCA Inc reported income of $1.0m and spending of $1.4m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $818k to $1.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William a Hunton YMCA Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Kinder-Mourn Inc ($1.0m), Hazen Winter Sports Association Inc ($1.0m) and Habitat for Humanity International Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $96k (7.0% of expenses). Other salaries and wages came to $692k. At year end it held assets of $644k against liabilities of $1.2m, net assets of -$576k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.