Old Colony Young Mens Christian Association Inc

Analysis

Old Colony Young Mens Christian Association Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in July 1942, 84 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 June 2024, Old Colony Young Mens Christian Association Inc reported income of $89.0m and spending of $85.7m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $60.1m to $89.0m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Old Colony Young Mens Christian Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Feed More Inc ($89.0m), Aspire Living & Learning Inc ($89.2m) and American Baptist Homes of the Midwest ($88.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $1.7m (2.0% of expenses). Other salaries and wages came to $45.6m. It paid $33k in professional fundraising fees. At year end it held assets of $87.6m against liabilities of $31.4m, net assets of $56.2m. It reported 2,586 employees.