Rappahannock Area YMCA Inc

Analysis

Rappahannock Area YMCA Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in November 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 December 2023, Rappahannock Area YMCA Inc reported income of $16.2m and spending of $16.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.3m to $16.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rappahannock Area YMCA Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Pennsylvania Interscholastic Athletic Association Inc ($16.2m), The Center for Investigative Reporting ($16.2m) and Sonoma Valley Community Health Center ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $411k (2.5% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $23.0m against liabilities of $13.2m, net assets of $9.8m. It reported 975 employees.