YMCA of Ponce Inc Ponce

Analysis

YMCA of Ponce Inc Ponce is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in June 2018, 8 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, YMCA of Ponce Inc Ponce reported income of $927k and spending of $988k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $698k to $927k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YMCA of Ponce Inc Ponce sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 68th percentile within PR. Charities of a similar size with the same main cause include Geneva Point Center Inc ($927k), Arts Council Inc ($927k) and Oklahoma Childrens Theatre Inc ($926k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $78k (7.9% of expenses). Other salaries and wages came to $327k. At year end it held assets of $1.0m against liabilities of $579k, net assets of $422k. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.