Southside Virginia Family YMCA

Analysis

Southside Virginia Family YMCA is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in February 1996, 30 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, Southside Virginia Family YMCA reported income of $991k and spending of $1.2m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $991k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southside Virginia Family YMCA sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Perry County Services Inc ($991k), Breastfeeding Task Force of Greater Los Angeles ($992k) and Kenmore Town of Tonawanda Meals on Wheels Inc Ken Ton Meals on Wheels ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 89% of the total. Other salaries and wages came to $474k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m. It reported 100 employees.