Young Mens Christian Association of Ridgewood NJ

Analysis

Young Mens Christian Association of Ridgewood NJ is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in October 1975, 51 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, Young Mens Christian Association of Ridgewood NJ reported income of $8.6m and spending of $9.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $8.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Association of Ridgewood NJ 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 North Shore Senior Center ($8.6m), Acre Family Child Care Inc ($8.6m) and Martin de Porres Youth and Family Services ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $557k (5.9% of expenses). Other salaries and wages came to $4.1m. It paid $44k in professional fundraising fees. At year end it held assets of $11.3m against liabilities of $6.3m, net assets of $5.0m. It reported 526 employees.