Young Mens Christian Assoc of Hagerstown MD

Analysis

Young Mens Christian Assoc of Hagerstown MD is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in September 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 (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 Assoc of Hagerstown MD reported income of $5.8m and spending of $6.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.8m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Assoc of Hagerstown MD sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Community Program Centers of Long Island Inc ($5.7m), People Places Inc ($5.8m) and Christian Counseling and Educational Foundation ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $257k (4.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $12.5m against liabilities of $2.9m, net assets of $9.5m. It reported 339 employees.