Family Y M C a of Greater Florence

Analysis

Family Y M C a of Greater Florence is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in October 1972, 54 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 December 2023, Family Y M C a of Greater Florence reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.8m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Y M C a of Greater Florence sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Foothill Family Shelter Inc ($1.8m), East Bay United Soccer Club ($1.8m) and Cornerstone Family Ministries ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $86k (5.0% of expenses). Other salaries and wages came to $771k. At year end it held assets of $3.6m against liabilities of $573k, net assets of $3.0m.