Young Mens Christian Association of Greater Des Moines

Analysis

Young Mens Christian Association of Greater Des Moines is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 1938, 88 years ago. 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 August 2023, Young Mens Christian Association of Greater Des Moines reported income of $15.7m and spending of $18.2m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $20.6m to $15.7m (-24%), an average of -6.5% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of Greater Des Moines sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include YWCA of San Gabriel Valley ($15.7m), Natural Heritage Trust ($15.7m) and Brighton Center Inc ($15.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $451k (2.5% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $55.2m against liabilities of $22.9m, net assets of $32.3m. It reported 1,005 employees.