Muskegon Young Mens Christian Association

Analysis

Muskegon Young Mens Christian Association is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in May 1973, 53 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, Muskegon Young Mens Christian Association reported income of $3.0m and spending of $2.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.0m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muskegon Young Mens Christian Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Woodside on the Move Inc ($3.0m), Boys & Girls Clubs of Saline County ($3.0m) and Potomac Highland Airport Authority ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $112k (5.0% of expenses). Other salaries and wages came to $996k. At year end it held assets of $3.6m against liabilities of $158k, net assets of $3.4m. It reported 120 employees.