Young Mens Christian Association of Greater Richmond

Analysis

Young Mens Christian Association of Greater Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 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 (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 of Greater Richmond reported income of $56.3m and spending of $56.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $58.6m to $56.3m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 90% 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 Greater Richmond sits at the 99th 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 VA. Charities of a similar size with the same main cause include Catholic Charities of Santa Clara County ($56.2m), Little Flower Children & Family Services of New York ($56.4m) and Share Food Program Inc ($56.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.1m (1.9% of expenses). Other salaries and wages came to $26.9m. It paid $53k in professional fundraising fees. At year end it held assets of $121.9m against liabilities of $38.2m, net assets of $83.6m. It reported 3,231 employees.