Cape Cod Young Mens Christian Association Inc

Analysis

Cape Cod Young Mens Christian Association Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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, Cape Cod Young Mens Christian Association Inc reported income of $12.2m and spending of $11.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $12.2m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Cod Young Mens Christian Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include New York Immigration Coalition Inc ($12.2m), East Central Il Community Action Agency ($12.2m) and Roy Maas Youth Alternatives Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $320k (2.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $19.3m against liabilities of $8.3m, net assets of $11.0m. It reported 341 employees.