Young Mens Christian Assoc Inc

Analysis

Young Mens Christian Assoc Inc is a registered charity in United States, based in Frederick, MD. 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 (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 Inc reported income of $20.7m and spending of $18.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $20.7m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 86% 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 Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Illinois Saint Andrew Society of the Scottish Old Peoples Home ($20.6m), Anoka County Community Action Program Inc ($20.7m) and Family Services of Northeast Wisconsin Inc ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $290k (1.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $47.8m against liabilities of $16.5m, net assets of $31.3m. It reported 699 employees.