Barren County Family YMCA Inc

Analysis

Barren County Family YMCA Inc is a registered charity in United States, based in Glasgow, KY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Barren County Family YMCA Inc reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $820k to $1.5m (+82%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 379%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Barren County Family YMCA Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include The Misty Copeland Foundation Inc ($1.5m), Grand Rapids Christian School Foundation ($1.5m) and Beginnings Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $151k (10% of expenses). Other salaries and wages came to $731k. At year end it held assets of $5.8m against liabilities of $240k, net assets of $5.5m. It reported 132 employees.