Kitsap Family YMCA Foundation

Analysis

Kitsap Family YMCA Foundation is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kitsap Family YMCA Foundation reported income of $56k and spending of $31k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $80k to $56k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kitsap Family YMCA Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include National League of Young Men Inc ($56k), Rural Homeless Network Inc ($56k) and House of Grace ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.