YMCA of Central Ky

Analysis

YMCA of Central Ky is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 1964, 62 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 Central Ky reported income of $20.5m and spending of $19.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $20.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 50%. 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, YMCA of Central Ky sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Loyola Press ($20.5m), Dr Miriam and Sheldon G Adelson Educational Institute ($20.5m) and Fenn School Inc ($20.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $380k (2.0% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $49.2m against liabilities of $16.8m, net assets of $32.3m. It reported 955 employees.