Young Mens Christian Association of Fort Madison Iowa

Analysis

Young Mens Christian Association of Fort Madison Iowa is a registered charity in United States, based in Fort Madison, IA. It received its IRS tax-exemption ruling in April 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 Fort Madison Iowa reported income of $1.0m and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $737k to $1.0m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 107% 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 Fort Madison Iowa sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include The Latina Center ($1.0m), Family Annex Inc ($1.0m) and San Diego Seniors Community Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 88% of the total. Other salaries and wages came to $614k. At year end it held assets of $191k against liabilities of $318k, net assets of -$127k. It reported 115 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.