Rowan-Cabarrus Young Mens Christian Association

Analysis

Rowan-Cabarrus Young Mens Christian Association is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in September 1984, 42 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, Rowan-Cabarrus Young Mens Christian Association reported income of $18.7m and spending of $11.5m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $18.7m (+160%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose 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, Rowan-Cabarrus Young Mens Christian Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Good Shepherd Home for the Aged ($18.7m), Martin Health Center Inc ($18.7m) and Hospice of Iredell County Inc ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $669k (5.8% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $41.3m against liabilities of $3.7m, net assets of $37.6m. It reported 735 employees.