Saratoga Regional Young Mens Christian Association

Analysis

Saratoga Regional Young Mens Christian Association is a registered charity in United States, based in Saratoga Springs, NY. It received its IRS tax-exemption ruling in July 1959, 67 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, Saratoga Regional Young Mens Christian Association reported income of $19.1m and spending of $16.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.3m to $19.1m (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saratoga Regional Young Mens Christian Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include The Washington Center for Internships and Academic Seminars ($19.1m), Nysarc Inc ($19.1m) and Catholic Family & Community Services ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $409k (2.5% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $48.2m against liabilities of $8.3m, net assets of $39.8m. It reported 773 employees.