Holyoke Young Mens Christian Association Inc

Analysis

Holyoke Young Mens Christian Association Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in October 1962, 64 years ago. 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, Holyoke Young Mens Christian Association Inc reported income of $3.5m and spending of $3.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.5m (+20%), an average of +4.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holyoke Young Mens Christian Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include United Way of Abilene ($3.5m), Immanuel Church Housing Corp ($3.5m) and Franciscan Tertiary Province of the Sacred Heart Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $121k (3.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.7m against liabilities of $200k, net assets of $5.5m. It reported 180 employees.