Young Mens Christian Assn of Springfield

Analysis

Young Mens Christian Assn of Springfield is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1942, 84 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 Assn of Springfield reported income of $9.6m and spending of $11.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.2m to $9.6m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 74% 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 Assn of Springfield sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Klingberg Family Centers Inc ($9.6m), Boy Scouts of America ($9.6m) and Licking Knox Goodwill Industries Inc ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $180k (1.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $48.5m against liabilities of $17.1m, net assets of $31.3m. It reported 508 employees.