Young Mens Christian Association of Southeastern North Carolina Inc

Analysis

Young Mens Christian Association of Southeastern North Carolina Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 1965, 61 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 Southeastern North Carolina Inc reported income of $13.5m and spending of $12.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $13.5m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 95% 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 Southeastern North Carolina Inc 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 National Investment Center for Seniors Housing & Care Inc ($13.5m), Park Place Christian Community of ($13.5m) and Family Pathways ($13.5m).

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 $320k (2.5% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $22.0m against liabilities of $6.7m, net assets of $15.3m. It reported 859 employees.