Young Mens Christian Association of Virginias Blue Ridge Inc

Analysis

Young Mens Christian Association of Virginias Blue Ridge Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in September 1937, 89 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 August 2023, Young Mens Christian Association of Virginias Blue Ridge Inc reported income of $13.0m and spending of $13.1m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.6m to $13.0m (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 95% 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 Virginias Blue Ridge Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Advocates for Basic Legal Equality ($13.0m), Beyond Vision Inc ($13.0m) and Community Services Agency ($13.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $603k (4.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $30.2m against liabilities of $5.0m, net assets of $25.2m. It reported 934 employees.