Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Washington, DC. 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 (donations from the general public) 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 reported income of $46.7m and spending of $51.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $57.1m to $46.7m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 108% 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 sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Community Systems Inc ($46.7m), Catholic Charities Community Services Inc ($46.7m) and Childrens Bureau Inc ($46.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.3m (2.6% of expenses). Other salaries and wages came to $25.8m. At year end it held assets of $56.5m against liabilities of $22.3m, net assets of $34.2m. It reported 1,731 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.