J Smith Young YMCA Inc

Analysis

J Smith Young YMCA Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, J Smith Young YMCA Inc reported income of $2.4m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, J Smith Young YMCA Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Hillsdale County Senior Services Center Inc ($2.4m), Area IV Senior Citizens Planning Council Inc ($2.4m) and Pal-O-Mine Equestrian Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $218k (10.0% of expenses). Other salaries and wages came to $818k. At year end it held assets of $5.2m against liabilities of $348k, net assets of $4.9m. It reported 192 employees.