Young Mens Christian Association of the Cedar Rapids Metropolitan Area

Analysis

Young Mens Christian Association of the Cedar Rapids Metropolitan Area is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 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 of the Cedar Rapids Metropolitan Area reported income of $7.4m and spending of $7.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.6m to $7.4m (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 76% 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 the Cedar Rapids Metropolitan Area sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Sanctuary Hospice House Inc ($7.4m), Rescue- Freedom International ($7.4m) and Marin Agricultural Land Trust ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $309k (4.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $29.6m against liabilities of $13.0m, net assets of $16.6m. It reported 356 employees.