Young Mens Christian Association of Albany Inc

Analysis

Young Mens Christian Association of Albany Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in July 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 Albany Inc reported income of $2.0m and spending of $2.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 95% 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 Albany Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Pathways to Prosperity Inc ($2.0m), Farmer Veteran Coalition ($2.0m) and Envision Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $257k (12% of expenses). Other salaries and wages came to $745k. At year end it held assets of $6.2m against liabilities of $51k, net assets of $6.1m. It reported 177 employees.