Lake County Young Mens Christian Association

Analysis

Lake County Young Mens Christian Association is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in February 1956, 70 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, Lake County Young Mens Christian Association reported income of $10.0m and spending of $10.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.7m to $10.0m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake County Young Mens Christian Association 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 95th percentile within OH. Charities of a similar size with the same main cause include Senior Catering Inc ($10.0m), Mission Edge San Diego ($10.0m) and Tri County Action Program Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $296k (2.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $31.2m against liabilities of $5.9m, net assets of $25.3m. It reported 709 employees.