New York State Ymca Foundation Inc

New York State YMCA Foundation shows strong financial health with zero officer compensation and significant revenue growth in 2023.

EIN: 131624195 · Albany, NY · NTEE: P270 · Updated: 2026-03-28

$3.2MRevenue

$2.9MAssets

92/100Mission Score (Excellent)

P270

About New York State Ymca Foundation Inc

New York State Ymca Foundation Inc (EIN: 131624195) is a nonprofit organization based in Albany, NY, classified under NTEE code P270. The organization reported total revenue of $3.2M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York State Ymca Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New York State YMCA Foundation Inc. demonstrates a generally healthy financial position, with its latest reported assets at $2,988,508 exceeding its liabilities of $194,025 in 2023. The organization has shown significant revenue fluctuations, with a notable increase to $2,174,356 in 2023 from $438,662 in 2022, indicating potential for growth or variability in funding sources. Its spending efficiency appears strong, as expenses in 2023 were $1,611,968 against revenues of $2,174,356, suggesting a surplus that can be reinvested into its mission or reserves. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven leadership model.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York State Ymca Foundation Inc with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, New York State Ymca Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable and suggests a volunteer-led executive structure, maximizing funds available for programs.

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 New York State Ymca Foundation Inc's IRS 990 filings:

Significant year-over-year revenue volatility, which could indicate reliance on unpredictable funding sources.

Strengths

The following positive indicators were identified for New York State Ymca Foundation Inc:

Consistent 0% officer compensation, maximizing funds for programs.
Healthy asset-to-liability ratio, indicating financial stability.
Demonstrated ability to generate substantial revenue, as seen in the 2023 filing of $2,174,356.
Positive net assets growth over time, from $1,646,712 in 2015 to $2,988,508 in 2023.

Frequently Asked Questions about New York State Ymca Foundation Inc

Is New York State Ymca Foundation Inc. a good charity?

Based on the available data, the New York State YMCA Foundation Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to program spending. Its assets significantly outweigh liabilities, and it has demonstrated the ability to generate substantial revenue for its mission.

What caused the significant revenue increase in 2023?

The IRS 990 data shows a substantial increase in revenue from $438,662 in 2022 to $2,174,356 in 2023. While the specific cause isn't detailed in this summary, such a jump could be due to a major grant, a successful fundraising campaign, or a significant one-time donation.

How does the organization manage its expenses relative to its revenue?

The organization generally manages its expenses well. In 2023, expenses were $1,611,968 against revenues of $2,174,356, resulting in a surplus. There were a few periods (e.g., 2020, 2018, 2017, 2015) where expenses slightly exceeded revenue, but overall, the trend shows responsible financial management.

Filing History

IRS 990 filing history for New York State Ymca Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New York State Ymca Foundation Inc's revenue has grown by 3104.9%, moving from $68K to $2.2M. Total assets increased by 79.7% over the same period, from $1.7M to $3.0M. Total functional expenses rose by 748.4%, from $190K to $1.6M. In its most recent filing year (2023), New York State Ymca Foundation Inc reported a surplus of $562K, with revenue exceeding expenses. The organization holds $194K in liabilities against $3.0M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $2.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.2M	$1.6M	$3.0M	$194K	—	—
2022	$439K	$398K	$2.1M	$54K	—	View 990
2021	$485K	$373K	$2.3M	$5K	—	View 990
2020	$315K	$403K	$2.1M	$56K	—	View 990
2019	$1.2M	$997K	$2.1M	$6K	—	View 990
2018	$826K	$862K	$1.7M	$31K	—	View 990
2017	$1.0M	$1.1M	$2.0M	$183K	—	View 990
2016	$338K	$310K	$1.8M	$15K	—	View 990
2015	$102K	$150K	$1.6M	$6K	—	View 990
2014	$142K	$131K	$1.8M	$41K	—	View 990
2013	$138K	$145K	$1.8M	$18K	—	View 990
2012	$247K	$215K	$1.7M	$15K	—	View 990
2011	$68K	$190K	$1.7M	$10K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.2M, expenses of $1.6M, and assets of $3.0M (revenue +395.7% year-over-year).
2022: Revenue of $439K, expenses of $398K, and assets of $2.1M (revenue -9.5% year-over-year).
2021: Revenue of $485K, expenses of $373K, and assets of $2.3M (revenue +54.1% year-over-year).
2020: Revenue of $315K, expenses of $403K, and assets of $2.1M (revenue -74.0% year-over-year).
2019: Revenue of $1.2M, expenses of $997K, and assets of $2.1M (revenue +46.2% year-over-year).
2018: Revenue of $826K, expenses of $862K, and assets of $1.7M (revenue -20.1% year-over-year).
2017: Revenue of $1.0M, expenses of $1.1M, and assets of $2.0M (revenue +205.6% year-over-year).
2016: Revenue of $338K, expenses of $310K, and assets of $1.8M (revenue +233.2% year-over-year).
2015: Revenue of $102K, expenses of $150K, and assets of $1.6M (revenue -28.3% year-over-year).
2014: Revenue of $142K, expenses of $131K, and assets of $1.8M (revenue +3.0% year-over-year).
2013: Revenue of $138K, expenses of $145K, and assets of $1.8M (revenue -44.3% year-over-year).
2012: Revenue of $247K, expenses of $215K, and assets of $1.7M (revenue +264.0% year-over-year).
2011: Revenue of $68K, expenses of $190K, and assets of $1.7M.

Data Sources and Methodology

This transparency report for New York State Ymca Foundation 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.