Young Mens Christian Association of Centre County

Analysis

Young Mens Christian Association of Centre County is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in October 1944, 82 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 Centre County reported income of $9.0m and spending of $9.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $9.0m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 94% 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 Centre County 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 93rd percentile within PA. Charities of a similar size with the same main cause include Northern Virginia Food Rescue ($9.0m), Union County Community Action Inc ($9.0m) and Kemmerer Village ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $209k (2.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $10.7m against liabilities of $3.1m, net assets of $7.6m. It reported 427 employees.