Young Mens Christian Association of High Point

Analysis

Young Mens Christian Association of High Point is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in December 1942, 84 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, Young Mens Christian Association of High Point reported income of $12.1m and spending of $13.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.0m to $12.1m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 87% 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 High Point sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Merced County Food Bank ($12.1m), Community Senior Life Inc ($12.1m) and Living Arrangements for the Developmentally Disabled Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $713k (5.5% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $28.9m against liabilities of $4.5m, net assets of $24.4m. It reported 653 employees.