Young Mens Christian Association of Albert Lea Minnesota Inc

Analysis

Young Mens Christian Association of Albert Lea Minnesota Inc is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in January 1969, 57 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 Albert Lea Minnesota Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $886k to $1.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 97% 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 Albert Lea Minnesota Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Bessie Coleman Court Inc ($1.0m), Barrington Youth & Family Services ($1.0m) and Every Childs Place Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $85k (8.1% of expenses). At year end it held assets of $2.3m against liabilities of $205k, net assets of $2.1m. It reported 101 employees.