Young Mens Christian Association of Spencer Iowa

Analysis

Young Mens Christian Association of Spencer Iowa is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in January 1965, 61 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 Spencer Iowa reported income of $2.7m and spending of $3.0m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.2m to $2.7m (+23%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 103% 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 Spencer Iowa sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Family Living Center Inc ($2.7m), Mother Nation ($2.7m) and Casa Protegida Julia de Burgos Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $92k (3.0% of expenses). Other salaries and wages came to $1.6m. It paid $80k in professional fundraising fees. At year end it held assets of $3.8m against liabilities of $337k, net assets of $3.4m. It reported 254 employees.