Newberry County Family YMCA

Analysis

Newberry County Family YMCA is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in June 1985, 41 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, Newberry County Family YMCA reported income of $2.0m and spending of $880k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $2.0m (+140%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newberry County Family YMCA sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Family Access Network Foundation ($2.0m), Youth Shelter Program of Westchester Inc ($2.0m) and Verona Community Food Pantry ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $87k (9.9% of expenses). Other salaries and wages came to $266k. At year end it held assets of $2.5m against liabilities of $151k, net assets of $2.4m. It reported 74 employees.