Young Mens Christian Association of Buchanan County

Analysis

Young Mens Christian Association of Buchanan County is a registered charity in United States, based in Grundy, VA. It received its IRS tax-exemption ruling in October 1975, 51 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 2022, Young Mens Christian Association of Buchanan County reported income of $724k and spending of $674k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $722k to $724k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 75% 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 Buchanan County sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Champlain Islands Parent Child Center ($724k), Holmes Council on Aging Inc ($724k) and Restored Hope Ministries Inc ($723k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 52% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $40k (6.0% of expenses). Other salaries and wages came to $226k. At year end it held assets of $2.7m against liabilities of $15k, net assets of $2.7m. It reported 51 employees.