Young Mens Christian Association of Greater Nashua

Analysis

Young Mens Christian Association of Greater Nashua is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Young Mens Christian Association of Greater Nashua reported income of $17.8m and spending of $17.0m, spending 95% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $13.5m to $17.8m (+32%), an average of +5.8% a year. The sharpest change came in the year to August 2022, when income rose by 16%. Over the whole period it spent 96% 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 of Greater Nashua sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Three Crowns Park ($17.8m), Early Learning Neighborhood Collaborative ($17.8m) and Ocean State Job Lot Charitable Foundation ($17.8m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 8.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $641k (3.8% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $28.7m against liabilities of $12.8m, net assets of $15.9m. It reported 727 employees.