Piedmont Family Young Mens Christian Association Inc

Analysis

Piedmont Family Young Mens Christian Association Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Piedmont Family Young Mens Christian Association Inc reported income of $8.1m and spending of $8.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $8.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Piedmont Family Young Mens Christian Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Project Self-Sufficiency of Sussex County Inc ($8.1m), Father Flanagans Boys Home ($8.1m) and Conway County Community Service Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $410k (5.0% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $20.6m against liabilities of $8.4m, net assets of $12.2m. It reported 370 employees.