Bedford Area Family Young Mens Christian Association

Analysis

Bedford Area Family Young Mens Christian Association is a registered charity in United States, based in Bedford, VA. It received its IRS tax-exemption ruling in June 1982, 44 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, Bedford Area Family Young Mens Christian Association reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.9m (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bedford Area 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 86th percentile within VA. Charities of a similar size with the same main cause include Zero Foodprint ($1.9m), Crotched Mountain Foundation ($1.9m) and Haven at First & Market Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $152k (8.6% of expenses). Other salaries and wages came to $834k. It paid $26k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $1.0m, net assets of $4.7m. It reported 132 employees.