Is Waterville Area Ymca Legit?

Red Flags

Consistent operating deficits in recent years (e.g., $81,436 in 2023, $77,893 in 2022).
Significant increase in liabilities from $0 in 2019 to $425,937 in 2023.
Declining assets from $880,518 in 2021 to $789,027 in 2023 while liabilities are rising.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Revenue volatility, particularly the sharp drop in 2021 to $287,222.

Spending Breakdown

How Waterville Area Ymca allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Waterville Area Ymca

Is Waterville Area Ymca a legitimate charity?

Based on AI analysis of IRS 990 filings, Waterville Area Ymca (EIN: 10283465) shows mixed signals. Mission Score: 65/100. 5 red flags identified, 4 strengths noted.

Is Waterville Area Ymca a good charity to donate to?

Waterville Area Ymca has a Mission Score of 65/100. Revenue: $1.1M. Assets: $745K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Waterville Area Ymca?

The Employer Identification Number (EIN) for Waterville Area Ymca is 10283465. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Waterville Area Ymca spend its money?

Waterville Area Ymca allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Waterville Area Ymca's tax-exempt status?

You can verify Waterville Area Ymca's tax-exempt status using EIN 10283465 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Waterville Area YMCA demonstrates a fluctuating financial picture over the past decade. While recent revenue in 2023 ($1,023,474) is comparable to pre-pandemic levels, the organization has consistently reported expenses exceeding revenue in most recent periods, including a deficit of $81,436 in 2023 and $77,893 in 2022. This trend of operating at a deficit, particularly noticeable in the last four reported periods, raises concerns about long-term financial sustainability if not addressed. The organization's assets have also seen a decline from a high of $880,518 in 2021 to $789,027 in 2023, while liabilities have significantly increased from $0 in 2019 to $425,937 in 2023, indicating a growing reliance on debt or other obligations.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operating deficits suggest that current spending levels are not fully supported by incoming revenue. The absence of reported officer compensation across all filings indicates a potential strength in keeping executive costs low, or that compensation is structured in a way not captured by this specific metric, which would require further investigation. Transparency regarding detailed expense categories would greatly enhance the ability to evaluate spending efficiency.

Overall, the Waterville Area YMCA appears to be navigating financial challenges, particularly with increasing liabilities and consistent operating deficits in recent years. While the lack of officer compensation is positive, the broader financial trends warrant closer scrutiny. A more detailed breakdown of expenses would be crucial for a comprehensive assessment of their spending efficiency and program focus.

Verdict: Waterville Area Ymca shows mixed signals