Owen County Family Young Mens Christian Association Inc

Analysis

Owen County Family Young Mens Christian Association Inc is a registered charity in United States, based in Spencer, IN. It received its IRS tax-exemption ruling in October 1997, 29 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, Owen County Family Young Mens Christian Association Inc reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $827k to $1.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Owen County Family Young Mens Christian Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Stewardship Utah Foundation ($1.1m), Operation Pedro Pan Group Inc ($1.1m) and Pahrump Valley Public Transportation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $611k. At year end it held assets of $1.8m against liabilities of $559k, net assets of $1.3m. It reported 101 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.