The Mystic Valley Young Mens Christian Association

Analysis

The Mystic Valley Young Mens Christian Association is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in February 1958, 68 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 June 2023, The Mystic Valley Young Mens Christian Association reported income of $10.6m and spending of $10.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $10.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mystic Valley Young Mens Christian Association 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 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Nash-Edgecombe Wilson Community Action Inc ($10.6m), Multi-Faith Retirement Services Live Oak Retirement Center ($10.6m) and Agricultural Research Foundation ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $298k (2.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $14.5m against liabilities of $7.7m, net assets of $6.7m. It reported 264 employees.