Young Mens Christian Association of Oswego Inc

Analysis

Young Mens Christian Association of Oswego Inc is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 of Oswego Inc reported income of $1.3m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $998k to $1.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 108% 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 Oswego Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Good Samaritan Center of Loudon County ($1.3m), Mexican American Council Inc ($1.3m) and Ascent 121 Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $60k (5.3% of expenses). Other salaries and wages came to $665k. At year end it held assets of $1.4m against liabilities of $394k, net assets of $994k. It reported 87 employees.