Young Mens Christian Assn

Analysis

Young Mens Christian Assn is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in May 1951, 75 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 December 2023, Young Mens Christian Assn reported income of $2.8m and spending of $2.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.8m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 98% 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 Assn 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 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Marion County Services Inc ($2.8m), Clover House Inc ($2.8m) and Somerville Senior Citizens Housing Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $84k (2.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $12.6m against liabilities of $0, net assets of $12.6m. It reported 168 employees.