Young Mens Christian Association of Norwich

Analysis

Young Mens Christian Association of Norwich is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in May 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 of Norwich reported income of $2.8m and spending of $2.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 82% 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 Norwich sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Funders Together to End Homelessnes S Inc ($2.8m), Community Action of Laramie County ($2.8m) and Little Voices Early Care and Education ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $103k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $36.3m against liabilities of $175k, net assets of $36.1m. It reported 143 employees.