Hamilton Young Mens Christian Association

Analysis

Hamilton Young Mens Christian Association is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hamilton Young Mens Christian Association reported income of $6.7m and spending of $7.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $6.7m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hamilton Young Mens Christian Association 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 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Child Day Care Association of Saint Louis ($6.7m), Abounding Prosperty Inc ($6.7m) and Westchester Independent Living ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $366k (5.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $8.8m against liabilities of $5.2m, net assets of $3.6m. It reported 337 employees.