Hockomock Young Mens Christian Association Inc

Analysis

Hockomock Young Mens Christian Association Inc is a registered charity in United States, based in N Attleboro, MA. It received its IRS tax-exemption ruling in August 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 December 2023, Hockomock Young Mens Christian Association Inc reported income of $25.3m and spending of $23.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.3m to $25.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 40%. 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, Hockomock Young Mens Christian Association 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 Immigrant Legal Resource Center ($25.3m), C E F S Economic Opportunity Corp ($25.4m) and Greystone Programs Inc ($25.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.6m (6.8% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $29.7m against liabilities of $11.6m, net assets of $18.0m. It reported 1,145 employees.