Mont Pleasant YMCA Housing Corporation

Analysis

Mont Pleasant YMCA Housing Corporation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1994, 32 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 March 2024, Mont Pleasant YMCA Housing Corporation reported income of $373k and spending of $448k, spending 120% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $343k to $373k (+8.7%), an average of +2.1% a year. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mont Pleasant YMCA Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Epiphany Formation Inc ($373k), Wadsworth Chapel Heritage Partners ($373k) and Youth for Christ USA Inc ($373k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $808k against liabilities of $51k, net assets of $756k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.