Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in July 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 reported income of $4.0m and spending of $3.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.0m (+126%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 103% 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 sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Faces and Voices of Recovery Greenville ($4.0m), Bishop Sheen Ecumenical Housing Foundation Inc ($4.0m) and National Wild Turkey Federation Research Foundation Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $147k (4.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.7m. It reported 140 employees.