The Granite Ymca
The Granite YMCA shows consistent revenue growth and healthy asset accumulation over the past decade.
EIN: 20222248 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38.6M |
| Total Expenses | $24.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $25M |
| Net Assets | $36.5M |
| Transparency Score | 85/100 |
Is The Granite Ymca Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Granite Ymca directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Granite Ymca
The Granite Ymca (EIN: 20222248) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $38.6M and total assets of $48.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Granite Ymca's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Granite Ymca is a large nonprofit that has been operating for 88 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.1M |
| Total Expenses | $24.6M |
| Surplus / Deficit | +$470K |
| Total Assets | $47.4M |
| Total Liabilities | $11.0M |
| Net Assets | $36.5M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 23.1 months |
Financial Health Grade: A
In 2023, The Granite Ymca reported a surplus of $470K with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Granite Ymca's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +11.9% | +12.4% |
| 2022 | +35.5% | +38.3% | +9.3% |
| 2021 | -3.8% | -12.2% | +21.0% |
| 2020 | -2.7% | -3.8% | +10.9% |
| 2019 | -10.7% | +5.2% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 The Granite Ymca with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, The Granite Ymca allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $470K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.1%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all filings, which is unusual for an organization of this size ($25M+ revenue). This suggests that executive compensation might be reported under other expense categories or that officers are uncompensated, which would require further investigation of the full 990 forms for clarity.
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 The Granite Ymca's IRS 990 filings:
- Unusual 0% officer compensation reported, requiring further investigation into executive pay practices.
Strengths
The following positive indicators were identified for The Granite Ymca:
- Consistent revenue growth, increasing from $15.45M in 2014 to $25.09M in 2023.
- Healthy financial surpluses, with revenue consistently exceeding expenses (e.g., $25,099,333 revenue vs. $24,629,648 expenses in 2023).
- Strong asset accumulation, growing from $19.15M in 2014 to $47.43M in 2023, indicating financial stability.
- Low liabilities relative to assets, demonstrating a strong balance sheet and financial resilience.
- Consistent operational efficiency, maintaining positive net assets over a decade.
Frequently Asked Questions about The Granite Ymca
Is The Granite Ymca a legitimate charity?
Based on AI analysis of IRS 990 filings, The Granite Ymca (EIN: 20222248) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does The Granite Ymca spend its money?
The Granite Ymca directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Granite Ymca tax-deductible?
The Granite Ymca is registered as a tax-exempt nonprofit (EIN: 20222248). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Granite Ymca CEO make?
The Granite Ymca's highest-compensated officer earns $25M annually. The organization reported $38.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Granite Ymca's spending goes to programs?
The Granite Ymca directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Granite Ymca located?
The Granite Ymca is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20222248.
How many years of IRS 990 filings does The Granite Ymca have?
The Granite Ymca has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $38.6M in total revenue.
How is executive compensation truly handled, given the 0% reported?
The consistent reporting of 0% for Officer Compensation across all filings for an organization with over $25 million in revenue is highly unusual. This suggests that executive compensation may be categorized under other expense lines, or that the organization's officers are genuinely uncompensated. A deeper dive into the full IRS Form 990, specifically Part VII, Section A, would be necessary to understand the complete picture of compensation for key employees and officers.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To assess spending efficiency accurately, one would need to examine the full IRS Form 990, specifically Part IX, Statement of Functional Expenses, to understand how the organization allocates its resources across these categories.
What are the specific programs and services offered by The Granite YMCA?
While the financial data indicates a growing and stable organization, the summary does not detail the specific programs and services offered. To understand the direct impact and mission fulfillment, one would need to consult the organization's website or the full IRS Form 990, Part III, Statement of Program Service Accomplishments.
Filing History
IRS 990 filing history for The Granite Ymca showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Granite Ymca's revenue has grown by 100.6%, moving from $12.5M to $25.1M. Total assets increased by 170.1% over the same period, from $17.6M to $47.4M. Total functional expenses rose by 94%, from $12.7M to $24.6M. In its most recent filing year (2023), The Granite Ymca reported a surplus of $470K, with revenue exceeding expenses. The organization holds $11.0M in liabilities against $47.4M in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $36.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.1M | $24.6M | $47.4M | $11.0M | — | View 990 |
| 2022 | $24.7M | $22.0M | $42.2M | $9.4M | — | View 990 |
| 2021 | $18.2M | $15.9M | $38.6M | $10.2M | — | View 990 |
| 2020 | $19.0M | $18.1M | $31.9M | $9.0M | — | View 990 |
| 2019 | $19.5M | $18.8M | $28.8M | $7.3M | — | View 990 |
| 2018 | $21.8M | $17.9M | $28.0M | $7.1M | — | — |
| 2017 | $18.8M | $17.3M | $24.7M | $8.3M | — | View 990 |
| 2016 | $18.0M | $16.2M | $22.4M | $8.0M | — | View 990 |
| 2015 | $16.6M | $15.5M | $20.6M | $7.8M | — | View 990 |
| 2014 | $15.5M | $14.6M | $19.2M | $7.6M | — | View 990 |
| 2013 | $14.2M | $13.7M | $18.2M | $7.8M | — | View 990 |
| 2012 | $12.5M | $12.7M | $17.6M | $8.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.1M, expenses of $24.6M, and assets of $47.4M (revenue +1.6% year-over-year).
- 2022: Revenue of $24.7M, expenses of $22.0M, and assets of $42.2M (revenue +35.5% year-over-year).
- 2021: Revenue of $18.2M, expenses of $15.9M, and assets of $38.6M (revenue -3.8% year-over-year).
- 2020: Revenue of $19.0M, expenses of $18.1M, and assets of $31.9M (revenue -2.7% year-over-year).
- 2019: Revenue of $19.5M, expenses of $18.8M, and assets of $28.8M (revenue -10.7% year-over-year).
- 2018: Revenue of $21.8M, expenses of $17.9M, and assets of $28.0M (revenue +16.3% year-over-year).
- 2017: Revenue of $18.8M, expenses of $17.3M, and assets of $24.7M (revenue +4.0% year-over-year).
- 2016: Revenue of $18.0M, expenses of $16.2M, and assets of $22.4M (revenue +8.8% year-over-year).
- 2015: Revenue of $16.6M, expenses of $15.5M, and assets of $20.6M (revenue +7.3% year-over-year).
- 2014: Revenue of $15.5M, expenses of $14.6M, and assets of $19.2M (revenue +8.6% year-over-year).
- 2013: Revenue of $14.2M, expenses of $13.7M, and assets of $18.2M (revenue +13.7% year-over-year).
- 2012: Revenue of $12.5M, expenses of $12.7M, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Granite Ymca:
Data Sources and Methodology
This transparency report for The Granite Ymca 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.