Northfield Area Family YMCA

Analysis

Northfield Area Family YMCA is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in April 2006, 20 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, Northfield Area Family YMCA reported income of $1.6m and spending of $1.9m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northfield Area Family YMCA sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Elmira a F C Home ($1.6m), Serving People in Need Inc ($1.6m) and Millennium Gardens Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $87k (4.6% of expenses). Other salaries and wages came to $745k. At year end it held assets of $7.0m against liabilities of $250k, net assets of $6.7m. It reported 148 employees.