Raritan Bay Area Young Mens Christian Association

Analysis

Raritan Bay Area Young Mens Christian Association is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in April 1934, 92 years ago. 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, Raritan Bay Area Young Mens Christian Association reported income of $8.3m and spending of $6.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $8.3m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raritan Bay Area Young Mens Christian Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Ranch Recovery Centers Inc ($8.3m), LA Porte County Comprehensive Mental Health Council Inc ($8.3m) and Cleveland Hearing and Speech Center ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $404k (5.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $7.9m against liabilities of $1.4m, net assets of $6.5m. It reported 276 employees.