Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in September 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 reported income of $3.6m and spending of $4.1m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.6m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. 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 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 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include New Sun Rising ($3.6m), Good Seed Community Development Corporation ($3.6m) and The Pinon Project ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $180k (4.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.7m against liabilities of $531k, net assets of $8.1m. It reported 349 employees.