West Broad Street YMCA Inc

Analysis

West Broad Street YMCA Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in April 1954, 72 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, West Broad Street YMCA Inc reported income of $1.0m and spending of $969k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $522k to $1.0m (+94%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, West Broad Street YMCA Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include H3o Foundation ($1.0m), Outgrowing Hunger ($1.0m) and Enriched Resources for Independent Elderly Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $54k (5.5% of expenses). Other salaries and wages came to $369k. At year end it held assets of $2.7m against liabilities of $196k, net assets of $2.5m. It reported 58 employees.