YMCA of Catawba Valley

Analysis

YMCA of Catawba Valley is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in April 1969, 57 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, YMCA of Catawba Valley reported income of $12.0m and spending of $9.6m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $12.0m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Catawba Valley sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Specialized Alternatives for Families and Youth of Kentucky Inc ($12.0m), Arizona Retirement Centers Inc Sierra Winds Life Care Community ($12.0m) and Holly Hall ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $420k (4.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $28.0m against liabilities of $3.1m, net assets of $24.9m. It reported 576 employees.