Island of Hawaii YMCA

Analysis

Island of Hawaii YMCA is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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, Island of Hawaii YMCA reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $1.1m (+93%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Island of Hawaii YMCA sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within HI. Charities of a similar size with the same main cause include Bay Area Outreach and Recreation Program ($1.1m), Florida Veterans Foundation Inc ($1.1m) and Texas Southmost College Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $84k (8.2% of expenses). Other salaries and wages came to $467k. At year end it held assets of $2.8m against liabilities of $163k, net assets of $2.7m. It reported 56 employees.