Tri County Young Mens Christian Association of New York

Analysis

Tri County Young Mens Christian Association of New York is a registered charity in United States, based in Hornell, NY. It received its IRS tax-exemption ruling in July 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tri County Young Mens Christian Association of New York reported income of $2.1m and spending of $2.6m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri County Young Mens Christian Association of New York sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Crystal Run Village Foundation Inc ($2.1m), Desoto County Dream Center ($2.1m) and Morgan County Family Center Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $118k (4.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.9m against liabilities of $646k, net assets of $6.3m. It reported 204 employees.