YMCA of Waycross Georgia Inc

Analysis

YMCA of Waycross Georgia Inc is a registered charity in United States, based in Waycross, GA. It received its IRS tax-exemption ruling in June 1945, 81 years ago. 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 Waycross Georgia Inc reported income of $4.4m and spending of $3.4m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.4m (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YMCA of Waycross Georgia Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity Northshore West ($4.4m), Florida Chamber of Commerce Foundation Inc ($4.4m) and Network on Women in Prison ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $112k (3.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.7m against liabilities of $2.5m, net assets of $2.2m. It reported 205 employees.