Young Mens Christian Association of the Chesapeake Inc

Analysis

Young Mens Christian Association of the Chesapeake Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in November 1955, 71 years ago. 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 the Chesapeake Inc reported income of $23.4m and spending of $18.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $23.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of the Chesapeake Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Alianza Municipal de Servicios ($23.4m), Scan-Harbor Inc ($23.4m) and Soar 365 ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $647k (3.5% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $98.2m against liabilities of $11.1m, net assets of $87.0m. It reported 1,195 employees.