Meriden-New Britain-Berlin Young Mens Christian Association Inc

Analysis

Meriden-New Britain-Berlin Young Mens Christian Association Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in March 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, Meriden-New Britain-Berlin Young Mens Christian Association Inc reported income of $20.9m and spending of $19.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.7m to $20.9m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meriden-New Britain-Berlin Young Mens Christian Association Inc 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 97th percentile within CT. Charities of a similar size with the same main cause include Catholic Social Services ($20.9m), Clark-Lindsey Village Inc ($21.0m) and Rethink Priorities ($20.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $603k (3.1% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $23.4m against liabilities of $5.1m, net assets of $18.3m. It reported 928 employees.