YMCA of Metropolitan Fort Worth

Analysis

YMCA of Metropolitan Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 1937, 89 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, YMCA of Metropolitan Fort Worth reported income of $34.9m and spending of $30.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.9m to $34.9m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Metropolitan Fort Worth sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Lutheran Homes Society Inc ($34.8m), Second Harvest of South Georgia Inc ($34.9m) and Chris 180 Inc ($34.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $988k (3.2% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $34.3m against liabilities of $6.3m, net assets of $28.1m. It reported 1,923 employees.