Virginia Alliance of Ymcas

Analysis

Virginia Alliance of Ymcas is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2023, Virginia Alliance of Ymcas reported income of $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $793k to $1.7m (+119%), an average of +22% a year. The sharpest change came in the year to December 2019, when income rose by 36%. 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, Virginia Alliance of Ymcas sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Homeboy Art Academy Inc ($1.7m), Gods Fan Club ($1.7m) and West End Day Nursery of New Bedford Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $128k (9.0% of expenses). At year end it held assets of $819k against liabilities of $0, net assets of $819k.