Young Mens Christian Association of Metro North Inc

Analysis

Young Mens Christian Association of Metro North Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) 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 Metro North Inc reported income of $32.9m and spending of $27.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.8m to $32.9m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 86% 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 Metro North Inc 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 97th percentile within MA. Charities of a similar size with the same main cause include Self-Help for the Elderly ($32.9m), Foothill Family Service ($33.0m) and Northeastern Illinois Area Agency on Aging ($32.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $513k (1.8% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $71.0m against liabilities of $29.7m, net assets of $41.3m. It reported 1,242 employees.