Newport Young Mens Christian Association

Analysis

Newport Young Mens Christian Association is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in April 1936, 90 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 2022, Newport Young Mens Christian Association reported income of $5.5m and spending of $4.2m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $8.5m to $5.5m (-35%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newport Young Mens Christian Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Pinnacle Oppurtunities Inc ($5.5m), Southside Early Childhood Center ($5.5m) and South Asian Youth Action Saya Inc ($5.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $427k (10% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $20.0m against liabilities of $7.2m, net assets of $12.8m. It reported 273 employees.