Greater Providence Young Mens Christian Association

Analysis

Greater Providence Young Mens Christian Association is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 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 (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, Greater Providence Young Mens Christian Association reported income of $19.3m and spending of $21.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.8m to $19.3m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Providence Young Mens Christian Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Inter-Lakes Community Action Partnership Inc ($19.2m), Harc Inc ($19.3m) and Child Care Coordinating Council of San Mateo County Inc ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.0m (4.9% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $29.9m against liabilities of $9.7m, net assets of $20.2m. It reported 791 employees.