South Shore Young Mens Christian Association

Analysis

South Shore Young Mens Christian Association is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in April 1934, 92 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, South Shore Young Mens Christian Association reported income of $36.2m and spending of $34.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $46.6m to $36.2m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Shore Young Mens Christian Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Arkansas Hospice Inc ($36.2m), Navy Marine Coast Guard Residence Foundation ($36.2m) and Northwest Human Services Inc ($36.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.2m (3.5% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $86.1m against liabilities of $34.0m, net assets of $52.1m. It reported 1,262 employees.