Legacy YMCA

Analysis

Legacy YMCA is a registered charity in United States, based in Bessemer, AL. It received its IRS tax-exemption ruling in August 1942, 84 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, Legacy YMCA reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legacy YMCA sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Imperial Valley Medical Clinic Inc ($1.8m), Chaldean American Ladies of Charity ($1.8m) and Enterprise Valley Medical Clinic Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $84k (5.0% of expenses). Other salaries and wages came to $652k. At year end it held assets of $3.2m against liabilities of $85k, net assets of $3.1m. It reported 146 employees.