Young Mens Christian Association of Saginaw

Analysis

Young Mens Christian Association of Saginaw is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in October 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 Saginaw reported income of $4.2m and spending of $3.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 84% 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 Saginaw sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Sheetz Family Charities Inc ($4.2m), Young Mens Christian Association of Monroe Mich ($4.2m) and Ny Community Fridge Corp ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $138k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $12.4m against liabilities of $458k, net assets of $11.9m. It reported 179 employees.