Young Mens Christian Association State of Maine

Analysis

Young Mens Christian Association State of Maine is a registered charity in United States, based in Winthrop, ME. It received its IRS tax-exemption ruling in September 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Young Mens Christian Association State of Maine reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $913k to $1.5m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Association State of Maine sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Gateway Community Services Maine ($1.5m), Telford Community Center YMCA ($1.5m) and Hetlinger Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $129k (8.9% of expenses). Other salaries and wages came to $468k. At year end it held assets of $2.2m against liabilities of $245k, net assets of $1.9m. It reported 108 employees.