Young Mens Christian Association of Southern Maine

Analysis

Young Mens Christian Association of Southern Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in December 1937, 89 years ago. 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 June 2023, Young Mens Christian Association of Southern Maine reported income of $6.9m and spending of $7.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.3m to $6.9m (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of Southern Maine sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Harmony House Inc ($6.9m), Barter Foundation Incorporated State Theatre of Virginia ($6.9m) and Waldorf School of Orange County ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $262k (3.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $15.4m against liabilities of $8.5m, net assets of $6.9m. It reported 199 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.