Young Mens Christian Association of Fanwood-Scotch Plains

Analysis

Young Mens Christian Association of Fanwood-Scotch Plains is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in October 1966, 60 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 August 2023, Young Mens Christian Association of Fanwood-Scotch Plains reported income of $7.8m and spending of $7.3m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.9m to $7.8m (-12%), an average of -3.2% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of Fanwood-Scotch Plains 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 The Northwest Minnesota Foundation ($7.8m), Prologue Inc ($7.8m) and St Mary of Providence ($7.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $646k (8.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $27.0m against liabilities of $5.2m, net assets of $21.8m. It reported 379 employees.