YWCA of Palm Beach County Inc

Analysis

YWCA of Palm Beach County Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in January 1943, 83 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 June 2023, YWCA of Palm Beach County Inc reported income of $3.3m and spending of $4.0m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.3m (-6.3%), an average of -1.6% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA of Palm Beach County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include St Vincent Depaul Place Middletown Inc ($3.3m), School of the Arts Foundation Inc ($3.3m) and Cal-Pep ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $288k (7.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.9m against liabilities of $425k, net assets of $2.5m. It reported 74 employees.