Waldo County Young Mens Christian Association

Analysis

Waldo County Young Mens Christian Association is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waldo County Young Mens Christian Association reported income of $2.1m and spending of $2.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waldo County Young Mens Christian Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Commission on Aging Family Services Inc ($2.1m), Covenant Community Services Inc ($2.1m) and Quality Management Associates Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $69k (3.0% of expenses). Other salaries and wages came to $964k. At year end it held assets of $5.8m against liabilities of $135k, net assets of $5.7m. It reported 93 employees.