Billings Family YMCA Inc

Analysis

Billings Family YMCA Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in August 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Billings Family YMCA Inc reported income of $4.7m and spending of $5.0m, spending 106% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $5.5m to $4.7m (-15%), an average of -5.2% a year. The sharpest change came in the year to March 2023, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Billings Family YMCA Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MT. Charities of a similar size with the same main cause include Cornerstone of Hope Inc ($4.7m), Carc-Advocates for Citizens with Disabilities Inc ($4.7m) and Chi-Care ($4.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $256k (5.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $11.2m against liabilities of $628k, net assets of $10.6m. It reported 384 employees.