Community YMCA of Alamance County Inc

Analysis

Community YMCA of Alamance County Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in July 1949, 77 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, Community YMCA of Alamance County Inc reported income of $2.8m and spending of $2.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community YMCA of Alamance County Inc 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 90th percentile within NC. Charities of a similar size with the same main cause include Crisis House ($2.8m), Flying High Inc ($2.8m) and Ridge Creek at Heritage ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.8m against liabilities of $260k, net assets of $1.5m. It reported 248 employees.