Young Mens Christian Association Cortland

Analysis

Young Mens Christian Association Cortland is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in March 1934, 92 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 Cortland reported income of $739k and spending of $1.0m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $739k (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 99% 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 Cortland sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Siouxland Tanzania Educational Medical Ministries ($739k), Interact Family Services ($739k) and Bike Share KC ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $38k (3.8% of expenses). Other salaries and wages came to $362k. At year end it held assets of $3.8m against liabilities of $908k, net assets of $2.9m. It reported 104 employees.