Young Mens Christian Association of Old Town and Orono

Analysis

Young Mens Christian Association of Old Town and Orono is a registered charity in United States, based in Old Town, ME. It received its IRS tax-exemption ruling in September 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young Mens Christian Association of Old Town and Orono reported income of $4.2m and spending of $3.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.2m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 84% 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 Old Town and Orono 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 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Port Chester Carver Center Inc ($4.2m), Deep Fork Community Action Foundation Inc ($4.2m) and Hourcar ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $244k (6.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.6m against liabilities of $798k, net assets of $11.8m. It reported 203 employees.