Young Mens Christian Association of Greater Cincinnati

Analysis

Young Mens Christian Association of Greater Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1942, 84 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Greater Cincinnati reported income of $51.2m and spending of $43.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.5m to $51.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Young Mens Christian Association of Greater Cincinnati sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include The New Horizons Foundation Inc ($51.2m), United Way Worldwide ($51.6m) and Gulf Coast Community Foundation Inc ($51.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.0m (2.4% of expenses). Other salaries and wages came to $19.9m. At year end it held assets of $98.7m against liabilities of $16.5m, net assets of $82.2m. It reported 2,225 employees.