Annual Reports
YWCA is on a mission to eliminate racism and empower women, and we’re committed to accountability and transparency in everything we do. Below you will find resources that illuminate our financial position, outline how we allocate our resources, and showcase the impact of the valuable support from our donors and sponsors. As a nonprofit 501(c)(3) organization, we welcome your support of our mission!
2024
We have made significant progress in strengthening our financial position this year, despite the necessary closure of our pool for ceiling repairs. Building on strategies to ensure the YWCA of Asheville’s long-term sustainability, we reduced our deficit by over a million dollars to $100,759—a marked improvement from last year—while continuing to serve the same number of people. Simultaneously, we also addressed significant concerns with our aging building, including replacing three of our 24 HVAC units, securing funding for a refresh for all three of our playgrounds, and initiating the first stage of a full roof replacement for our historic pool. This positive momentum demonstrates the resilience of our staff and community, and positions us with stability and a clear path for continued growth. The future looks bright! We encourage stakeholders to review the detailed financial documents for a comprehensive view of the progress we have made and the challenges we still face.
2023
During the recent period, our organization, like many others, has encountered significant financial challenges stemming from several key factors. These include the enduring impacts of the COVID-19 pandemic, shifts in funding priorities both nationally and locally, and the pressing need for repairs to our aging landmark building—a vital asset within our community.
These challenges have contributed to a significant deficit in our finances, across our 10 programs. Despite these hurdles, we are actively implementing strategies to address these issues, bolster financial resilience, and ensure our long-term sustainability. We encourage stakeholders to review the detailed financial documents for a comprehensive understanding of our current situation and our proactive measures to mitigate these challenges.