Young Mens Christian Association Joliet

Analysis

Young Mens Christian Association Joliet is a registered charity in United States, based in Shorewood, IL. It received its IRS tax-exemption ruling in September 1936, 90 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 Joliet reported income of $17.5m and spending of $12.9m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $17.8m to $17.5m (-1.8%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 77% 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 Joliet 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 IL. Charities of a similar size with the same main cause include Arc of Atlantic County Inc ($17.5m), Visiting Nurse & Hospice of Litchfield County Inc ($17.5m) and Community Medical Welness Centers USA ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $394k (3.1% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $49.0m against liabilities of $7.5m, net assets of $41.5m. It reported 1,064 employees.