Young Mens Christian Association Naugatuck

Analysis

Young Mens Christian Association Naugatuck is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in August 1942, 84 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, Young Mens Christian Association Naugatuck reported income of $3.7m and spending of $3.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.7m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association Naugatuck sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.7m), New Day Enterprises ($3.7m) and Worthington Christian Village Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $158k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.6m against liabilities of $215k, net assets of $3.4m. It reported 179 employees.