Other services provided include "job training, new immigrant education, teen leadership opportunities, parenting classes, social opportunities for seniors and housing." (Ibid)
VI. YMCA Economic Model
The economic model of the YMCA is one "which combines enterprise, market, sales, and charity" (Wallace, 2006 Chronicle of Philanthropy) While other organizations that provide similar services are known to exist the difference in those and the YMCA is in that the YMCA does concentrate on the market and provides services that are in demand by the population that they serve with the reasoning being as stated in the Chronicle of Philanthropy (2006) in the statement of Elston Collins, marketing and communications director at Project Open Hand. Collins relates:
we found that those customers and consumers were already engaged...." In the promotion of a healthier lifestyle thus, reports Collins: "The business broke even in January, a little more than a year after its start. Total sales for 2005 were just below $600,000. The charity projects sales will reach $1.2-million this year and that the business will generate $120,000 in profits to support the organization's charitable mission." (Wallace, 2006)
Other differences in similar agencies are illustrated in the fact that the YMCA is in collaborative partnerships with schools and other community organizations to increase the stretch of provision throughout the community.
Bibliography
AYP: To Advance the YMCA Profession (2007) Online available at http://www.aypymca.org/organization.htm
Wallace, Nicole (2006) in Exploring New Revenue Opportunities, Charity Leaders Say to Learn From the Past. The Chronicle of Philanthropy Managing Issue dated March 23, 2006. http://philanthropy.com/free/articles/v18/i11/11003302.htm
About the YMCA (2007) YMCA Website Online available at http://www.ymca.net/about_the_ymca/.
Report on the YMCA for the OSTWG (2007) OSTWG Researches Online available at http://www.s2n2.org/ostwg/ymca.html.
Brayley, R.E., & McLean, D.D. (1999). Managing financial resources...
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