Young Mens Christian Association of Lansing Mich

Analysis

Young Mens Christian Association of Lansing Mich is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 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 (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 Lansing Mich reported income of $6.8m and spending of $7.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $6.8m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 104% 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 Lansing Mich 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 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Climb ($6.8m), Elevate Hope Inc ($6.8m) and Richmond County Hospice Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $183k (2.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $11.6m against liabilities of $6.8m, net assets of $4.8m. It reported 577 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.