The Young Mens Christian Association of Floridas First

Analysis

The Young Mens Christian Association of Floridas First is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 1947, 79 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 September 2023, The Young Mens Christian Association of Floridas First reported income of $45.3m and spending of $46.5m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $38.1m to $45.3m (+19%), an average of +4.4% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Young Mens Christian Association of Floridas First sits at the 99th percentile: it is larger than about 99% of them. 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 Catholic Charities of Dallas Inc ($45.3m), Senior Care Connection Inc ($45.4m) and Goodwill Industries of Northern Il & Wi Stateline Area Inc ($45.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $619k (1.3% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $90.2m against liabilities of $50.5m, net assets of $39.7m. It reported 2,039 employees.