Young Mens Christian Association of Smithfield

Analysis

Young Mens Christian Association of Smithfield is a registered charity in United States, based in Greenville, RI. It received its IRS tax-exemption ruling in July 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 Smithfield reported income of $2.1m and spending of $1.4m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.1m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 77% 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 Smithfield sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within RI. Charities of a similar size with the same main cause include Sweeten Home for Children Inc ($2.1m), Safe Haven Baby Boxes Inc ($2.1m) and Empire State Employment Resources for the Blind Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Other salaries and wages came to $732k. At year end it held assets of $3.9m against liabilities of $343k, net assets of $3.5m. It reported 112 employees.