Young Mens Christian Association of Corry

Analysis

Young Mens Christian Association of Corry is a registered charity in United States, based in Corry, PA. It received its IRS tax-exemption ruling in April 1959, 67 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 December 2023, Young Mens Christian Association of Corry reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.4m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 61%. 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 Corry sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Young Mens Christian Association of Berwick Pennsylvania ($2.4m), Wespac Foundation Inc ($2.4m) and St Felix Pantry Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $47k (2.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $54k, net assets of $2.4m. It reported 152 employees.