Young Mens Christian Association of Rye N Y

Analysis

Young Mens Christian Association of Rye N Y is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in December 1942, 84 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, Young Mens Christian Association of Rye N Y reported income of $13.5m and spending of $12.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $13.5m (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of Rye N Y 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 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Living Community of St Joseph ($13.5m), Operation Threshold Inc ($13.5m) and Missouri Childrens Trust Fund Board ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $254k (2.1% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $22.5m against liabilities of $7.5m, net assets of $15.1m. It reported 467 employees.