Young Mens Christian Association of Central Massachusetts

Analysis

Young Mens Christian Association of Central Massachusetts is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 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 September 2023, Young Mens Christian Association of Central Massachusetts reported income of $26.4m and spending of $27.2m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.7m to $26.4m (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 98% 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 Central Massachusetts 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 Living Alternatives for the Developmentally Disabled Inc ($26.4m), Brightspark Early Learning Services ($26.4m) and Vinfen Corporation of Connecticut Inc ($26.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $801k (2.9% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $58.1m against liabilities of $21.1m, net assets of $37.0m. It reported 1,099 employees.