Young Mens Christian Association Sanford-Springvale

Analysis

Young Mens Christian Association Sanford-Springvale is a registered charity in United States, based in Sanford, ME. It received its IRS tax-exemption ruling in January 1960, 66 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 December 2023, Young Mens Christian Association Sanford-Springvale reported income of $3.8m and spending of $3.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.8m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 96% 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 Sanford-Springvale sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Narrows Institute of Biomedical Research Inc ($3.8m), Kentucky Bar Foundation in ($3.8m) and Northern California Volleyball Association ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $144k (3.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.8m against liabilities of $1.8m, net assets of $6.9m. It reported 234 employees.