YWCA of Asheville and Western North Carolina Inc

Analysis

YWCA of Asheville and Western North Carolina Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1971, 55 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, YWCA of Asheville and Western North Carolina Inc reported income of $3.2m and spending of $4.3m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.2m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA of Asheville and Western North Carolina Inc sits at the 89th percentile: it is larger than about 89% 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 Midland Area Agency on Aging ($3.2m), Friends Outside in Los Angeles County ($3.2m) and Association for Waldorf Education in Davis ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $179k (4.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.7m against liabilities of $541k, net assets of $4.1m. It reported 116 employees.