North Carolina Alliance of Ymcas Inc

Analysis

North Carolina Alliance of Ymcas Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2022, 4 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, North Carolina Alliance of Ymcas Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $8.3m to $3.6m (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Carolina Alliance of Ymcas Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Delta Center Personal Attendant Services ($3.6m), Hight Impacto Inc ($3.6m) and Redistribution Center Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $140k (3.9% of expenses). Other salaries and wages came to $178k. At year end it held assets of $584k against liabilities of $116k, net assets of $468k.