YMCA 360 Studios Inc

Analysis

YMCA 360 Studios Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 2023, 3 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 360 Studios Inc reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $454k to $2.5m (+453%), an average of +135% a year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 136% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA 360 Studios Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Detention Watch Network ($2.5m), Family Extended Care of Punta Gorda Inc ($2.5m) and Downtown Childrens Center ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $134k. At year end it held assets of $766k against liabilities of $2.4m, net assets of -$1.6m.

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.