YMCA of Coastal Carolina

Analysis

YMCA of Coastal Carolina is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in February 1984, 42 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 Coastal Carolina reported income of $6.3m and spending of $6.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $6.3m (+109%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Coastal Carolina sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Alma Via of Camarillo ($6.3m), Western States Information Network Inc ($6.3m) and Latin American Association Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $11.9m against liabilities of $3.4m, net assets of $8.5m. It reported 378 employees.