Young Mens Christian Association of the Virginia Peninsulas

Analysis

Young Mens Christian Association of the Virginia Peninsulas is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in June 1957, 69 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 the Virginia Peninsulas reported income of $25.2m and spending of $25.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.1m to $25.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 99% 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 the Virginia Peninsulas 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 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Young Mens Christian Association of Central New York Inc ($25.2m), Intergenerational Living & Health Care Inc ($25.3m) and Independence First Inc ($25.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $746k (2.9% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $52.4m against liabilities of $6.5m, net assets of $46.0m. It reported 1,311 employees.