Limestone Family YMCA Inc

Analysis

Limestone Family YMCA Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in July 1986, 40 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, Limestone Family YMCA Inc reported income of $2.0m and spending of $1.7m, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+63%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 43%. 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, Limestone Family YMCA Inc 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 KY. Charities of a similar size with the same main cause include Little Folks Community Day Care Center Inc ($2.0m), Essential Partners Inc ($2.0m) and American Association of Family and Consumer Sciences ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $92k (5.4% of expenses). Other salaries and wages came to $755k. At year end it held assets of $3.1m against liabilities of $233k, net assets of $2.9m. It reported 115 employees.