Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in December 1959, 67 years ago. 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, Young Mens Christian Association reported income of $3.2m and spending of $2.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.2m (+161%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Alzheimers Disease Resource Agency of Alaska Inc ($3.2m), Variety the Childrens Charity of St Louis ($3.2m) and National Assn of State Mentl Health Prog Directors Research Instit Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $83k (3.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.2m against liabilities of $617k, net assets of $3.6m. It reported 218 employees.