Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Massillon, OH. It received its IRS tax-exemption ruling in April 1956, 70 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 reported income of $3.1m and spending of $3.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.1m (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 98% 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 sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Nebraska Healthcare Collaborative Inc ($3.1m), Early Connections Inc ($3.1m) and Little Earth Residents Association Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $90k (2.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.3m against liabilities of $693k, net assets of $4.6m. It reported 171 employees.