Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in April 1939, 87 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 reported income of $5.1m and spending of $4.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $5.1m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 87% 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 sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Northwest Community Action Partnership ($5.1m), National Public Education Support Fund ($5.1m) and Serenity House of Memphis Tennessee ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $196k (4.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.8m against liabilities of $1.6m, net assets of $5.2m. It reported 330 employees.