Young Mens Christian Assoc

Analysis

Young Mens Christian Assoc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in May 1952, 74 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 June 2023, Young Mens Christian Assoc reported income of $4.0m and spending of $3.9m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $4.0m (+9.2%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Assoc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Massachusetts Assoc of Council on Aging & Senior Ctr Directors Inc ($4.0m), Safe Passage Inc ($4.0m) and Joyce Network Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $140k (3.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.9m against liabilities of $1.1m, net assets of $4.9m. It reported 88 employees.