Cherokee County Family Young Mens Christian Association Inc

Analysis

Cherokee County Family Young Mens Christian Association Inc is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in July 1976, 50 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, Cherokee County Family Young Mens Christian Association Inc reported income of $2.2m and spending of $1.2m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee County Family Young Mens Christian Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include LA Pinon Sexual Assault Recovery Services of Southern New Mexico ($2.2m), South Suburban Montessori Association ($2.2m) and Alliance for Women and Children ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $88k (7.3% of expenses). Other salaries and wages came to $429k. At year end it held assets of $5.2m against liabilities of $1.3m, net assets of $3.9m. It reported 92 employees.