Young Mens Christian Association of Monroe Mich

Analysis

Young Mens Christian Association of Monroe Mich is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in April 1959, 67 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 Monroe Mich reported income of $4.2m and spending of $3.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.2m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 82% 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 Monroe Mich 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 Young Mens Christian Association of Saginaw ($4.2m), Light House Mission Outreach Inc ($4.2m) and Sheetz Family Charities Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $241k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.7m against liabilities of $2.0m, net assets of $9.7m. It reported 152 employees.