YMCA of Southwest Florida Inc

Analysis

YMCA of Southwest Florida Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in September 1976, 50 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 Southwest Florida Inc reported income of $61.6m and spending of $37.5m, leaving 39% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $21.3m to $61.6m (+188%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YMCA of Southwest Florida Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Northwest Harvest E M M ($61.5m), Viewpoint Educational Foundation ($61.7m) and District Energy St Paul Inc ($61.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $933k (2.5% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $83.8m against liabilities of $19.3m, net assets of $64.5m. It reported 1,657 employees.