Young Mens Christian Association of Sumter S C

Analysis

Young Mens Christian Association of Sumter S C is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in February 1943, 83 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 Sumter S C reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.3m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 96% 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 Sumter S C sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Meals on Wheels of Greenville Inc ($3.3m), Cape Fear Valley Medical Foundation Inc ($3.3m) and Wesleyan Foundation for Health and Aging Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $135k (4.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.8m against liabilities of $119k, net assets of $6.6m. It reported 231 employees.