YMCA of Greater Charlotte

Analysis

YMCA of Greater Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, YMCA of Greater Charlotte reported income of $92.1m and spending of $84.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $100.1m to $92.1m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Greater Charlotte sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Capital Hospice ($91.9m), Birch Family Services Inc ($92.3m) and Hosparus Inc ($91.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $2.5m (3.0% of expenses). Other salaries and wages came to $34.8m. At year end it held assets of $205.2m against liabilities of $51.2m, net assets of $154.0m. It reported 4,854 employees.