Central Connecticut Coast Young Mens Christian Association Inc

Analysis

Central Connecticut Coast Young Mens Christian Association Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1950, 76 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, Central Connecticut Coast Young Mens Christian Association Inc reported income of $29.5m and spending of $29.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.4m to $29.5m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Connecticut Coast Young Mens Christian Association Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Nysarc Inc ($29.5m), Prairie Community Services Inc ($29.5m) and Cardinal Hayes Home for Children ($29.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $766k (2.6% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $45.7m against liabilities of $5.8m, net assets of $39.9m. It reported 1,515 employees.