Hodding Carter Memorial YMCA

Analysis

Hodding Carter Memorial YMCA is a registered charity in United States, based in Greenville, MS. It received its IRS tax-exemption ruling in March 1990, 36 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, Hodding Carter Memorial YMCA reported income of $891k and spending of $819k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $891k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hodding Carter Memorial YMCA sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Samuel M Vauclain Fire Company of Leiperville ($891k), Back Porch Radio Broadcasting Inc Wort Radio ($892k) and The Tallahassee Ballet Inc ($891k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $66k (8.1% of expenses). Other salaries and wages came to $266k. At year end it held assets of $1.7m against liabilities of $238k, net assets of $1.4m. It reported 31 employees.