Young Mens Christian Association of the Capital District

Analysis

Young Mens Christian Association of the Capital District is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Young Mens Christian Association of the Capital District reported income of $29.3m and spending of $35.3m, spending 120% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $39.7m to $29.3m (-26%), an average of -7.3% a year. The sharpest change came in the year to March 2021, when income dropped by 32%. 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 the Capital District sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include On Your Mark Inc ($29.3m), Childrens Home Society of South Dakota ($29.3m) and Child and Family Guidance Center ($29.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.4m (3.8% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $53.1m against liabilities of $25.9m, net assets of $27.2m. It reported 1,621 employees.