Rocky Mount Family YMCA Inc

Analysis

Rocky Mount Family YMCA Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in December 1942, 84 years ago. 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 September 2023, Rocky Mount Family YMCA Inc reported income of $3.0m and spending of $3.3m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $3.0m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to September 2022, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocky Mount Family YMCA Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Summit School Inc ($3.0m), New York County Health Services Review Organizations Inc ($3.0m) and Impacting Veterans Lives Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $199k (6.0% of expenses). Other salaries and wages came to $1.2m. It paid $6,000 in professional fundraising fees. At year end it held assets of $9.3m against liabilities of $4.3m, net assets of $5.0m. It reported 197 employees.