Young Mens Christian Association of Greater Michiana Inc

Analysis

Young Mens Christian Association of Greater Michiana Inc is a registered charity in United States, based in Niles, MI. It received its IRS tax-exemption ruling in August 1950, 76 years ago. 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 Michiana Inc reported income of $12.9m and spending of $11.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $12.9m (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 94% 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 of Greater Michiana Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Stand Together Foundation ($12.9m), Careresource Hawaii ($12.9m) and Alston Wilkes Society ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $702k (6.1% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $22.6m against liabilities of $5.4m, net assets of $17.2m. It reported 693 employees.