Virginia Young Mens Christian Association Inc

Analysis

Virginia Young Mens Christian Association Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 1973, 53 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 June 2023, Virginia Young Mens Christian Association Inc reported income of $227k and spending of $294k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $278k to $227k (-18%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income rose by 143%. Over the whole period it spent 140% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia Young Mens Christian Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Coalition of Powhatan Churches ($227k), Gaston Residential Development Inc ($227k) and Cornerstone Rescue Mission Foundation Inc ($227k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $66k (22% of expenses). Other salaries and wages came to $38k. At year end it held assets of $487k against liabilities of $13k, net assets of $474k. It reported 2 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.