Young Mens Christian Association of Central Maryland Inc

Analysis

Young Mens Christian Association of Central Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1934, 92 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 December 2023, Young Mens Christian Association of Central Maryland Inc reported income of $99.2m and spending of $95.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $89.4m to $99.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 96% 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 Central Maryland Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include The Fogarty Center ($99.1m), Regional Food Bank of Oklahoma ($99.4m) and Redlands Christian Migrant Association Inc ($98.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $2.2m (2.3% of expenses). Other salaries and wages came to $44.9m. At year end it held assets of $129.7m against liabilities of $83.0m, net assets of $46.8m. It reported 3,153 employees.