Burlington Area Ymca Inc

Is Burlington Area Ymca Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Burlington Area Ymca Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Burlington Area Ymca Inc

Burlington Area Ymca Inc (EIN: 134289848) is a nonprofit organization based in Burlington, IA, classified under NTEE code P27. The organization reported total revenue of $2.8M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burlington Area Ymca Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Burlington Area Ymca Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Burlington Area Ymca Inc reported a deficit of $142K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Burlington Area Ymca Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Burlington Area Ymca Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Burlington Area Ymca Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $142K, with expenses exceeding revenue.
• Debt-to-asset ratio: 9.3%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or receive no reportable compensation, which is highly commendable for an organization with annual revenues exceeding $2 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Burlington Area Ymca Inc's IRS 990 filings:

• Expenses exceeded revenue in the 2023 fiscal period by $141,887, which could indicate a need for closer financial management if it becomes a recurring pattern.

Strengths

The following positive indicators were identified for Burlington Area Ymca Inc:

• Consistent reporting of 0% officer compensation across all filings, demonstrating high transparency and dedication to mission.
• Healthy asset growth from $3,295,233 in 2014 to $3,534,106 in 2023, indicating strong financial management over time.
• Resilience in revenue recovery post-pandemic, from $1,778,642 in 2020 to $2,665,891 in 2023.

Frequently Asked Questions about Burlington Area Ymca Inc

Filing History

IRS 990 filing history for Burlington Area Ymca Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Burlington Area Ymca Inc's revenue has grown by 48.9%, moving from $1.8M to $2.7M. Total assets increased by 12.9% over the same period, from $3.1M to $3.5M. Total functional expenses rose by 41.2%, from $2.0M to $2.8M. In its most recent filing year (2023), Burlington Area Ymca Inc reported a deficit of $142K, with expenses exceeding revenue. The organization holds $327K in liabilities against $3.5M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $3.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.7M, expenses of $2.8M, and assets of $3.5M (revenue -7.4% year-over-year).
• 2022: Revenue of $2.9M, expenses of $2.8M, and assets of $3.7M (revenue -7.9% year-over-year).
• 2021: Revenue of $3.1M, expenses of $2.5M, and assets of $3.8M (revenue +75.8% year-over-year).
• 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $3.1M (revenue -24.5% year-over-year).
• 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $3.3M (revenue +9.2% year-over-year).
• 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $3.1M (revenue -9.9% year-over-year).
• 2017: Revenue of $2.4M, expenses of $2.2M, and assets of $3.3M (revenue +19.5% year-over-year).
• 2016: Revenue of $2.0M, expenses of $2.2M, and assets of $3.1M (revenue +1.2% year-over-year).
• 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $3.3M (revenue +3.2% year-over-year).
• 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $3.3M (revenue -15.7% year-over-year).
• 2013: Revenue of $2.3M, expenses of $2.1M, and assets of $3.4M (revenue +6.5% year-over-year).
• 2012: Revenue of $2.1M, expenses of $2.2M, and assets of $3.1M (revenue +19.3% year-over-year).
• 2011: Revenue of $1.8M, expenses of $2.0M, and assets of $3.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Burlington Area Ymca Inc:

Data Sources and Methodology

This transparency report for Burlington Area Ymca Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.