Alleghany Highlands YMCA

Analysis

Alleghany Highlands YMCA is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in April 1993, 33 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, Alleghany Highlands YMCA reported income of $3.1m and spending of $2.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.1m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alleghany Highlands YMCA sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Beds for Kids Inc ($3.1m), Thrift Alliance ($3.1m) and Empower Evergreen ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $63k (2.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.5m against liabilities of $105k, net assets of $6.4m. It reported 120 employees.