Young Mens Christian Association Booth Bay Region

Analysis

Young Mens Christian Association Booth Bay Region is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in December 1955, 71 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 Booth Bay Region reported income of $6.5m and spending of $4.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.5m (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 77% 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 Booth Bay Region sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Lift Inc ($6.5m), Hospice of the Chesapeake Foundation Inc ($6.5m) and Usf Management Corporation ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $263k (6.2% of expenses). Other salaries and wages came to $1.6m. It paid $19k in professional fundraising fees. At year end it held assets of $27.3m against liabilities of $2.3m, net assets of $25.0m. It reported 136 employees.