Young Men Christian Association of Western North Carolina

Analysis

Young Men Christian Association of Western North Carolina is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 1942, 84 years ago. 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 September 2023, Young Men Christian Association of Western North Carolina reported income of $27.7m and spending of $24.5m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.2m to $27.7m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Men Christian Association of Western North Carolina sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Learning Tree Inc ($27.7m), United Way of Central Iowa ($27.8m) and Autism Society of North Carolina Inc ($27.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $773k (3.2% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $51.2m against liabilities of $17.6m, net assets of $33.5m. It reported 1,210 employees.