Young Mens Christian Assoc of Richmond Indiana

Analysis

Young Mens Christian Assoc of Richmond Indiana is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in November 1939, 87 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Assoc of Richmond Indiana reported income of $753k and spending of $745k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $753k (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Assoc of Richmond Indiana sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Evangel Home Inc ($753k), Onboard Inc ($753k) and Unity Gardens Inc ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $53k (7.1% of expenses). Other salaries and wages came to $413k. At year end it held assets of $469k against liabilities of $177k, net assets of $292k. It reported 76 employees.