Young Mens Christian Assn of Kalamazoo

Analysis

Young Mens Christian Assn of Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 1937, 89 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 Assn of Kalamazoo reported income of $10.7m and spending of $10.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $10.7m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Assn of Kalamazoo sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include United Methodist Homes Inc ($10.7m), Presbyterian Homes and Services of Ky Inc ($10.7m) and Center for Civilians in Conflict ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $356k (3.4% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $15.8m against liabilities of $5.2m, net assets of $10.7m. It reported 526 employees.