Big Spring YMCA

Analysis

Big Spring YMCA is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in October 1966, 60 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, Big Spring YMCA reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $1.8m (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 260%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Spring 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 TX. Charities of a similar size with the same main cause include Highco Inc ($1.8m), Hue Quang Buddhist Cultural Center ($1.8m) and Big Brothers Big Sisters Hawaii Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 26% of the total. Other salaries and wages came to $811k. At year end it held assets of $4.6m against liabilities of $1.0m, net assets of $3.6m. It reported 164 employees.