Young Mens Christian Association of Washington Iowa

Analysis

Young Mens Christian Association of Washington Iowa is a registered charity in United States, based in Washington, IA. It received its IRS tax-exemption ruling in August 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 (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 Washington Iowa reported income of $3.6m and spending of $2.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 62% 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 Washington Iowa 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 91st percentile within IA. Charities of a similar size with the same main cause include Good Seed Community Development Corporation ($3.6m), Patch People Attentive to Children ($3.6m) and Young Mens Christian Association ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $110k (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $19.7m against liabilities of $715k, net assets of $19.0m. It reported 231 employees.