Minot Young Mens Christian Association

Analysis

Minot Young Mens Christian Association is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, Minot Young Mens Christian Association reported income of $3.3m and spending of $3.9m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $3.3m (-6.6%), an average of -1.7% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot Young Mens Christian Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ND. Charities of a similar size with the same main cause include Columbus Literacy Council ($3.3m), Lindquist Dental Clinic for Children ($3.3m) and Regional Transit Authority Art ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 91% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $10.5m against liabilities of $3.9m, net assets of $6.6m. It reported 292 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.