The Grand Traverse Bay Young Mens Christian Association

Analysis

The Grand Traverse Bay Young Mens Christian Association is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in November 1964, 62 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, The Grand Traverse Bay Young Mens Christian Association reported income of $9.0m and spending of $6.9m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $9.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Grand Traverse Bay Young Mens Christian Association sits at the 95th percentile: it is larger than about 95% 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 Mallory Community Health ($9.0m), Girl Scouts of Kentuckiana Inc ($9.0m) and Kentucky Pharmacy Education and Research Foundation Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $296k (4.3% of expenses). Other salaries and wages came to $3.2m. It paid $82k in professional fundraising fees. At year end it held assets of $20.7m against liabilities of $3.6m, net assets of $17.1m. It reported 286 employees.