Young Mens Christian Association Inc-Randolp-Asheboro

Analysis

Young Mens Christian Association Inc-Randolp-Asheboro is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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 Inc-Randolp-Asheboro reported income of $2.5m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose 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 Mens Christian Association Inc-Randolp-Asheboro sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Byron House Inc ($2.5m), Volunteers of America Inc ($2.5m) and Juniata Valley Tri-County Drug & Alcohol Abuse Commission ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $140k (5.9% of expenses). Other salaries and wages came to $806k. At year end it held assets of $4.8m against liabilities of $587k, net assets of $4.2m. It reported 199 employees.