Lakelands Region Young Mens Christian Association

Analysis

Lakelands Region Young Mens Christian Association is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in April 1983, 43 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, Lakelands Region Young Mens Christian Association reported income of $5.0m and spending of $4.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.3m to $5.0m (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakelands Region Young Mens Christian Association sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Senior Citizens Home Assistance Service Inc ($5.0m), Stop Inc ($5.0m) and Patrick Henry Family Services Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 68% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $10.6m against liabilities of $755k, net assets of $9.8m. It reported 328 employees.