Summerville Family Young Mens Christian Association

Analysis

Summerville Family Young Mens Christian Association is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in September 1977, 49 years ago. 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, Summerville Family Young Mens Christian Association reported income of $7.9m and spending of $7.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $7.9m (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summerville Family Young Mens Christian Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Perea Elementary School ($7.9m), Childserve Inc ($7.9m) and MDC Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $182k (2.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $7.8m against liabilities of $2.1m, net assets of $5.7m. It reported 349 employees.