Young Mens Christian Association Incorporated

Analysis

Young Mens Christian Association Incorporated is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in March 1968, 58 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, Young Mens Christian Association Incorporated reported income of $7.2m and spending of $5.8m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.2m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Association Incorporated sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Jewish Agency-American Section Inc ($7.2m), Lawrence Family Development Inc ($7.2m) and Somerville Homeless Coalition Incorporated ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $344k (5.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $8.5m against liabilities of $4.7m, net assets of $3.8m. It reported 272 employees.