Franklin County YMCA

Analysis

Franklin County YMCA is a registered charity in United States, based in Rocky Mount, VA. It received its IRS tax-exemption ruling in November 1995, 31 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 December 2023, Franklin County YMCA reported income of $2.8m and spending of $3.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin County YMCA 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 89th percentile within VA. Charities of a similar size with the same main cause include Vegan Outreach Inc ($2.8m), Egenolf Early Childhood Center Association of Elizabeth New Jerse ($2.8m) and Elepaio Social Services ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $76k (2.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.6m against liabilities of $2.5m, net assets of $3.1m. It reported 193 employees.