Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 1942, 84 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 August 2023, Young Mens Christian Association reported income of $5.0m and spending of $2.7m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to August 2023, income grew from $4.9m to $5.0m (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 72% 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 sits at the 91st 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 92nd percentile within SD. Charities of a similar size with the same main cause include Abused Womens Aid in Crisis Incorporated ($5.0m), Senior Citizens Inc ($5.0m) and Jewish Family Services ($5.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $36k (1.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.7m against liabilities of $968k, net assets of $6.8m.