Frank P Phillips Memorial YMCA

Analysis

Frank P Phillips Memorial YMCA is a registered charity in United States, based in Columbus, MS. It received its IRS tax-exemption ruling in March 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Frank P Phillips Memorial YMCA reported income of $1.9m and spending of $1.5m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frank P Phillips Memorial YMCA 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 MS. Charities of a similar size with the same main cause include Southern California Counseling Center ($1.9m), Lumbee Regional Developement Association Inc ($1.9m) and Visalia Emergency Aid Council ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $85k (5.6% of expenses). Other salaries and wages came to $363k. At year end it held assets of $2.6m against liabilities of $107k, net assets of $2.5m. It reported 123 employees.