Young Mens Christian Association of Olean Ny and Bradford Pa

Analysis

Young Mens Christian Association of Olean Ny and Bradford Pa is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Young Mens Christian Association of Olean Ny and Bradford Pa reported income of $10.7m and spending of $10.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $10.7m (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 89% 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 Olean Ny and Bradford Pa 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 Hospice of Muskegon County Inc ($10.6m), YMCA of Foothills ($10.7m) and Fraser Institute ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $279k (2.7% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $20.1m against liabilities of $6.5m, net assets of $13.6m. It reported 674 employees.