Henderson Young Mens Christian Association Inc

Analysis

Henderson Young Mens Christian Association Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in September 1980, 46 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, Henderson Young Mens Christian Association Inc reported income of $1.5m and spending of $1.7m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.5m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henderson Young Mens Christian Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Chicago Womens Health Center Inc ($1.5m), Grace Emmanuel Baptist Church ($1.5m) and Central New Mexico Community College Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $90k (5.3% of expenses). Other salaries and wages came to $882k. At year end it held assets of $2.9m against liabilities of $639k, net assets of $2.2m. It reported 122 employees.