YMCA Snohomish Qalicb

Analysis

YMCA Snohomish Qalicb is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, YMCA Snohomish Qalicb reported income of $663k and spending of $1.6m, spending 237% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.7m to $663k (-96%), an average of -55% a year. The sharpest change came in the year to December 2020, when income dropped by 96%. Over the whole period it spent 32% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, YMCA Snohomish Qalicb sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Greater Cleveland Media Development Corporation ($662k), Smile & Olive Foundation ($664k) and Mean Street Ministry ($661k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $26.1m against liabilities of $10.3m, net assets of $15.8m.

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.