Young Mens Christian Association of Knox County

Analysis

Young Mens Christian Association of Knox County is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in January 1947, 79 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 Association of Knox County reported income of $2.8m and spending of $3.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Association of Knox County sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Willow Valley Communities Charitable Foundation ($2.8m), Child Welfare League of America Inc ($2.8m) and Franklin Granville Vance Smart Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $147k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.6m against liabilities of $432k, net assets of $8.2m. It reported 208 employees.