Upper Palmetto YMCA

Analysis

Upper Palmetto YMCA is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in April 1959, 67 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, Upper Palmetto YMCA reported income of $23.0m and spending of $20.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.9m to $23.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upper Palmetto YMCA sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include U S Space & Rocket Center Education Foundation ($23.0m), Hhi Services Inc ($23.0m) and Sunny Hill Inc ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $474k (2.3% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $54.6m against liabilities of $37.6m, net assets of $17.0m. It reported 1,503 employees.