Northwestern Connecticut Young Mens Christian Association Inc

Analysis

Northwestern Connecticut Young Mens Christian Association Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in June 1988, 38 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, Northwestern Connecticut Young Mens Christian Association Inc reported income of $4.7m and spending of $5.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.7m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northwestern Connecticut Young Mens Christian Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Norse Home Inc ($4.7m), Mooresville Area Christian Mission Inc ($4.7m) and The Salem Pantry Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $188k (3.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $7.4m against liabilities of $3.1m, net assets of $4.3m. It reported 199 employees.