Young Mens Christian Association Southcoast Incorporated

Analysis

Young Mens Christian Association Southcoast Incorporated is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in December 1933, 93 years ago. 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 Southcoast Incorporated reported income of $18.4m and spending of $15.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $18.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 85% 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 Southcoast Incorporated sits at the 97th percentile: it is larger than about 97% of them. 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 Conard House Inc ($18.4m), Northland Counseling Center Inc ($18.4m) and Prospect Sierra School ($18.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $491k (3.2% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $38.1m against liabilities of $10.5m, net assets of $27.6m. It reported 783 employees.