Foothills Area YMCA

Analysis

Foothills Area YMCA is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in July 1992, 34 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, Foothills Area YMCA reported income of $10.1m and spending of $3.1m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $10.1m (+361%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 300%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foothills Area YMCA sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Metropolitan Center for Independent Living ($10.1m), Join ($10.1m) and Noah Homes Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $419k (13% of expenses). Other salaries and wages came to $961k. At year end it held assets of $19.5m against liabilities of $7.2m, net assets of $12.3m. It reported 225 employees.