Young Mens Christian Assoc of Greenwich

Analysis

Young Mens Christian Assoc of Greenwich is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in May 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 (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 Assoc of Greenwich reported income of $7.7m and spending of $7.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.5m to $7.7m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Assoc of Greenwich sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Colorado Bluesky Enterprises Inc ($7.7m), Hirani Platinum Corporation ($7.7m) and Community Health of East Tennessee ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $267k (3.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $36.4m against liabilities of $2.1m, net assets of $34.2m. It reported 185 employees.