Family Young Mens Christian Association

Analysis

Family Young Mens Christian Association is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in September 1968, 58 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, Family Young Mens Christian Association reported income of $1.8m and spending of $2.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.8m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Young Mens Christian Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Chicago Food Policy Advisory Council NFP ($1.8m), Regenerative Agriculture Alliance ($1.8m) and Cambridge Academies ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $98k (5.0% of expenses). Other salaries and wages came to $989k. It paid $15k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $11k, net assets of $3.3m.