Young Mens Christian Association of Greater Boston Inc

Analysis

Young Mens Christian Association of Greater Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1938, 88 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, Young Mens Christian Association of Greater Boston Inc reported income of $95.7m and spending of $92.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82.5m to $95.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 95% 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 Boston Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include United States Veterans Initiative ($95.3m), MJHS Hospice and Palliative Care Inc ($95.7m) and Go Kids Inc ($95.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.7m (1.8% of expenses). Other salaries and wages came to $44.2m. At year end it held assets of $170.0m against liabilities of $60.4m, net assets of $109.6m. It reported 3,341 employees.