Young Mens Christian Association of Akron Ohio

Analysis

Young Mens Christian Association of Akron Ohio is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in February 1934, 92 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 Akron Ohio reported income of $20.2m and spending of $19.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.6m to $20.2m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 95% 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 Akron Ohio sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Campus Child Care Inc ($20.2m), Jewish Family Service of Colorado Inc ($20.3m) and Gulf Coast Housing Partnership Inc ($20.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $690k (3.5% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $30.5m against liabilities of $4.6m, net assets of $25.9m. It reported 1,241 employees.