Young Mens Christian Association of Watertown Ny Inc

Analysis

Young Mens Christian Association of Watertown Ny Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 Watertown Ny Inc reported income of $10.4m and spending of $6.4m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $10.4m (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of Watertown Ny Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include CCS Early Learning ($10.4m), Lutheran Brethren Retirement Services Inc ($10.4m) and Princeton Child Development Institute ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $181k (2.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $39.3m against liabilities of $14.8m, net assets of $24.5m. It reported 407 employees.