Young Mens Christian Association of Greater New York

Analysis

Young Mens Christian Association of Greater New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1959, 67 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, Young Mens Christian Association of Greater New York reported income of $196.1m and spending of $201.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $203.1m to $196.1m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 98% 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 of Greater New York sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Hospice of the Valley ($195.5m), Asbury Atlantic Inc ($198.4m) and Mississippi State University Foundation Inc ($194.3m).

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 $8.5m (4.2% of expenses). Other salaries and wages came to $78.3m. It paid $80k in professional fundraising fees. At year end it held assets of $501.5m against liabilities of $206.2m, net assets of $295.3m. It reported 4,370 employees.