Young Mens Christian Association of South Florida Inc

Analysis

Young Mens Christian Association of South Florida Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 1945, 81 years ago. 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 South Florida Inc reported income of $65.0m and spending of $59.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50.7m to $65.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 46%. 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, Young Mens Christian Association of South Florida Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Adventist Health Medical Center Tehachapi ($64.9m), South Carolina Student Loan Corporation ($65.0m) and Gateways Community Services Inc ($64.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $945k (1.6% of expenses). Other salaries and wages came to $29.7m. At year end it held assets of $75.2m against liabilities of $37.3m, net assets of $37.9m. It reported 2,701 employees.