Norm Waitt Sr Young Mens Christian Association

Analysis

Norm Waitt Sr Young Mens Christian Association is a registered charity in United States, based in S Sioux City, NE. It received its IRS tax-exemption ruling in March 1955, 71 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, Norm Waitt Sr Young Mens Christian Association reported income of $5.0m and spending of $3.4m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $5.0m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norm Waitt Sr Young Mens Christian Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Operation Healing Forces Inc ($5.0m), Jewish Community Project of Lower Manhattan ($5.0m) and The Child Care Action Council of Thurston County ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $236k (6.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.1m against liabilities of $809k, net assets of $10.3m. It reported 214 employees.