Young Men & Womens Christian Assn of Newark & Vicinity

Analysis

Young Men & Womens Christian Assn of Newark & Vicinity is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 1955, 71 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 Men & Womens Christian Assn of Newark & Vicinity reported income of $10.6m and spending of $9.9m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $7.8m to $10.6m (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 29%. 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, Young Men & Womens Christian Assn of Newark & Vicinity 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Cheshire Home Inc ($10.6m), The YMCA of Superior California ($10.6m) and Father Flanagans Boys Home ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $322k (3.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $9.0m against liabilities of $4.1m, net assets of $4.9m. It reported 229 employees.