Young Mens Christian Association Retirement Fund

Analysis

Young Mens Christian Association Retirement Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1951, 75 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Young Mens Christian Association Retirement Fund reported income of $606.4m and spending of $578.5m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $376.4m to $606.4m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 117% 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 Retirement Fund 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 100th percentile within NY. Charities of a similar size with the same main cause include Elmhurst Memorial Healthcare ($573.7m), Northeast Medical Group Inc ($622.0m) and Family Endeavors Inc ($569.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $6.9m (1.2% of expenses). Other salaries and wages came to $25.1m. At year end it held assets of $9.22bn against liabilities of $8.50bn, net assets of $717.2m. It reported 130 employees.