McSy Qalicb YMCA

Analysis

McSy Qalicb YMCA is a registered charity in United States, based in Olympia, WA. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McSy Qalicb YMCA reported income of $109k and spending of $503k, spending 460% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $262k to $109k (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 7698%. Over the whole period it spent 168% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McSy Qalicb YMCA sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Fundacion Pro-Ayuda de Puerto Rico Inc ($109k), Aalambana Foundation Inc ($109k) and Franciscan Monastery Garden Guild ($109k).

At year end it held assets of $11.3m against liabilities of $11.9m, net assets of -$591k.

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.