CANNON STREET YMCA (6094) Charity Report

Public IRS 990 nonprofit record

CANNON STREET YMCA (6094)

EIN 57-0935533 · Young Mens or Womens Associations (P27)

What they do

THE PURPOSE of THE YMCA of GREATER CHARLESTON is to IMPROVE THE LIVES of ALL IN THE GREATER CHARLESTON AREA BY CONNECTING INDIVIDUALS, FAMILIES, and COMMUNITIES WITH OPPORTUNITIES BASED ON CHRISTIAN VALUES THAT STRENGTHEN SPIRIT, MIND and BODY.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $5.10 was reported for mission work and $2.10 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

6.22%of revenue went to mission work5.1% of expenses · Program services

2.59%of revenue went to fundraising2.1% of expenses

$122.38spent for every $100 of revenueSpending was higher than revenue this year.

9.68%of revenue went to management and office costs7.9% of expenses

$14.09in assets for every $1 spent this yearSome assets cannot be spent right away.

7.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $310,992 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $70,749 for PAUL L STONEY (CHEIF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,389,787

Mission workProgram services$86,3896.22% of revenue5.1% of expenses

ManagementOffice and general costs$134,5789.68% of revenue7.9% of expenses

FundraisingAsking for donations$36,0442.59% of revenue2.1% of expenses

Total expenses$1,700,779122.38% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 2.1% of spending went to fundraising and 5.1% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 5.1% mission · 7.9% management · 2.1% fundraisingTotal expenses: 122.38% of revenue

2023Expense mix: 89.7% mission · 8.3% management · 2.0% fundraisingTotal expenses: 125.17% of revenue

2022Expense mix: 81.9% mission · 18.0% management · 0.1% fundraisingTotal expenses: 129.98% of revenue

2021Expense mix: 83.0% mission · 16.9% management · 0.0% fundraisingTotal expenses: 110.43% of revenue

2020Expense mix: 68.3% mission · 30.4% management · 1.3% fundraisingTotal expenses: 148.62% of revenue

2019Expense mix: 63.6% mission · 36.4% management · 0.0% fundraisingTotal expenses: 158.29% of revenue

2018Expense mix: 58.1% mission · 41.6% management · 0.3% fundraisingTotal expenses: 42.29% of revenue

2017Expense mix: 55.1% mission · 44.6% management · 0.3% fundraisingTotal expenses: 134.64% of revenue

Money in and money out

Revenue$1,389,787

Expenses$1,700,779

Annual shortfall $310,992 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$86,389 · 5.1% of expenses

Management and office costs$134,578 · 7.9% of expenses

Fundraising$36,044 · 2.1% of expenses

See all reported dollar amounts

Revenue$1,389,787

Expenses$1,700,779

Assets$23,959,320

Income$1,389,787

Contributions$105,308

Mission work (program services)$86,389

Fundraising$36,044

Management and general$134,578

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PAUL L STONEYCHEIF EXECUTIVE OFFICER · 40 hrs/week $70,749

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

PAUL L STONEYCHEIF EXECUTIVE OFFICER

ALVIN WILLIAMSBOARD MEMBER

HILARY BLEVINSBOARD TREASURER

JEFF FLEMINGBOARD MEMBER

JULIUS FEILDINGBOARD MEMBER

KARRIEMA CALHOUNBOARD MEMBER

KEVA JETTBOARD MEMBER

LENNY REEDERBOARD MEMBER

MARJORIE HANGERBOARD MEMBER

NANCY BERGINBOARD MEMBER

NED WASHINGTONBOARD MEMBER

PORTIA SISKBOARD CHAIR

SARA BEEMBOARD MEMBER

STEVE MATTHEWSBOARD VICE CHAIR

About this charity

Recognized since: January 1994
Location: PO Box 14079, Charleston, SC 29422
County: Charleston
In care of: Myra Chamble
Primary officer: Myra Chamble, Finance Director

How to reach them

WebsiteVisit the charity’s website Phone(843) 719-9622

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Young Mens or Womens Associations (P27)
IRS tax category: Young Mens or Womens Associations