The New Canaan Community Young Mens Christian Association Inc

Analysis

The New Canaan Community Young Mens Christian Association Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in July 1961, 65 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 New Canaan Community Young Mens Christian Association Inc reported income of $10.5m and spending of $10.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.5m to $10.5m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The New Canaan Community Young Mens Christian Association Inc 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 The Information Center Inc the Family Resource Place ($10.5m), Bucks County Free Library ($10.5m) and Wesco Industries ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $475k (4.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $30.4m against liabilities of $8.0m, net assets of $22.4m. It reported 350 employees.