The Waterbury Young Mens Christian Association

Analysis

The Waterbury Young Mens Christian Association is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in March 1934, 92 years ago. 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, The Waterbury Young Mens Christian Association reported income of $11.0m and spending of $9.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $11.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Waterbury Young Mens Christian Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Harris House Foundation ($11.0m), Benedictine Living Community Owatonna ($11.0m) and North Fork Valley Community Health Board Inc ($11.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $394k (4.1% of expenses). At year end it held assets of $22.5m against liabilities of $5.9m, net assets of $16.6m. It reported 417 employees.