Grand Island Young Mens Christian Assn

Analysis

Grand Island Young Mens Christian Assn is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in April 1947, 79 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, Grand Island Young Mens Christian Assn reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Island Young Mens Christian Assn sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Allan Hancock College Foundation ($1.8m), Golden Age Home ($1.8m) and Southern 14 Workforce Investment Board Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $81k (4.4% of expenses). Other salaries and wages came to $870k. At year end it held assets of $2.4m against liabilities of $155k, net assets of $2.3m. It reported 151 employees.