The Young Mens Christian Association of the Triangle Area I

Analysis

The Young Mens Christian Association of the Triangle Area I is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1956, 70 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, The Young Mens Christian Association of the Triangle Area I reported income of $111.7m and spending of $107.9m, spending 97% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $98.6m to $111.7m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 523%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Young Mens Christian Association of the Triangle Area I sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Brockton Area Multi-Services Inc ($111.6m), Presbyterian Homes ($111.8m) and Community Connections for Children Inc ($111.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.8m (1.7% of expenses). Other salaries and wages came to $46.8m. At year end it held assets of $276.3m against liabilities of $112.0m, net assets of $164.3m. It reported 6,111 employees.