Young Mens Christian Association of Brainerd Minn

Analysis

Young Mens Christian Association of Brainerd Minn is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in December 1948, 78 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Brainerd Minn reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.5m (+42%), an average of +9.1% a year. Over the whole period it spent 106% 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 Brainerd Minn sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Lamoille Family Center Inc ($2.5m), Wyoming Senior Citizens Inc ($2.5m) and Wayne County Agricultural Society Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $121k (4.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.8m against liabilities of $2.0m, net assets of $4.8m. It reported 175 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.