Young Mens Christian Association of Worthington

Analysis

Young Mens Christian Association of Worthington is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in January 1971, 55 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 2022, Young Mens Christian Association of Worthington reported income of $1.3m and spending of $1.4m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.3m (+12%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 108% 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 Worthington sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Glad Tidings Preschool Inc ($1.3m), Zearing Child Enrichment Center Inc ($1.3m) and CWFF Child Development Center Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 58% of the total. Other salaries and wages came to $557k. At year end it held assets of $4.8m against liabilities of $30k, net assets of $4.8m. It reported 88 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.