The Young Mens Christian Association of the Jersey Shore in

Analysis

The Young Mens Christian Association of the Jersey Shore in is a registered charity in United States, based in Shrewsbury, NJ. It received its IRS tax-exemption ruling in March 1968, 58 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 June 2023, The Young Mens Christian Association of the Jersey Shore in reported income of $22.8m and spending of $22.9m, spending 101% of its income. Across the 5 years on record, from August 2019 to June 2023, income grew from $15.6m to $22.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Young Mens Christian Association of the Jersey Shore in sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Glacier Hills Inc ($22.8m), Area Agency on Aging of Southeast Arkansas Inc ($22.8m) and Eastern Illinois Foodbank ($22.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 73% of the total. Other salaries and wages came to $11.3m. At year end it held assets of $23.1m against liabilities of $14.1m, net assets of $9.0m. It reported 929 employees.