Young Mens Christian Association of Greater St Petersburg Inc

Analysis

Young Mens Christian Association of Greater St Petersburg Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Young Mens Christian Association of Greater St Petersburg Inc reported income of $21.6m and spending of $18.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.1m to $21.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 80% 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 Greater St Petersburg Inc 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 FL. Charities of a similar size with the same main cause include Information and Referral Federation of Los Angeles County ($21.6m), Lexington Retirement Community Inc ($21.7m) and Caldwell Hospice and Palliative Care Inc ($21.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $496k (2.7% of expenses). Other salaries and wages came to $8.8m. It paid $37k in professional fundraising fees. At year end it held assets of $53.5m against liabilities of $17.4m, net assets of $36.1m. It reported 723 employees.