Glow Young Mens Christian Association Inc

Analysis

Glow Young Mens Christian Association Inc is a registered charity in United States, based in Batavia, NY. It received its IRS tax-exemption ruling in February 1973, 53 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 August 2023, Glow Young Mens Christian Association Inc reported income of $5.4m and spending of $17.5m, spending 322% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.4m to $5.4m (-15%), an average of -3.9% a year. The sharpest change came in the year to August 2021, when income rose by 64%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glow Young Mens Christian Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of Albuquerque ($5.4m), Endowment Fund of the Grand Chap of Calif Order of the Eastern Star ($5.4m) and The Sportmens Tennis & Enrichment Center Inc ($5.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $192k (1.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $41.3m against liabilities of $37.9m, net assets of $3.4m. It reported 336 employees.