Stanly County Family YMCA

Analysis

Stanly County Family YMCA is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in September 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, Stanly County Family YMCA reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.1m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stanly 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 87th percentile within NC. Charities of a similar size with the same main cause include LA New Times Western School Inc ($2.1m), San Diego Food System Alliance ($2.1m) and Missouri Food Bank Association ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $123k (6.2% of expenses). Other salaries and wages came to $781k. At year end it held assets of $4.9m against liabilities of $182k, net assets of $4.7m. It reported 187 employees.