Merrimack Valley Young Mens Christian Association of NH Inc

Analysis

Merrimack Valley Young Mens Christian Association of NH Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Merrimack Valley Young Mens Christian Association of NH Inc reported income of $21.0m and spending of $19.5m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.0m to $21.0m (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Merrimack Valley Young Mens Christian Association of NH 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 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Girl Scouts of Western Washington ($21.0m), Emerald Youth Foundation ($21.1m) and Stand for the Silent Inc ($20.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $751k (3.9% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $42.7m against liabilities of $19.5m, net assets of $23.1m. It reported 642 employees.