Young Mens Christian Association of Greater Grand Rapids

Analysis

Young Mens Christian Association of Greater Grand Rapids is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1942, 84 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, Young Mens Christian Association of Greater Grand Rapids reported income of $45.5m and spending of $37.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.5m to $45.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 93% 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 Greater Grand Rapids sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include St Augustine Manor ($45.5m), Asian Counseling and Referral Service ($45.5m) and Fallon Health Weinberg Inc ($45.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $806k (2.2% of expenses). Other salaries and wages came to $18.2m. It paid $14k in professional fundraising fees. At year end it held assets of $90.7m against liabilities of $32.8m, net assets of $57.9m. It reported 1,843 employees.