Young Mens Christian Association of the Suncoast Inc

Analysis

Young Mens Christian Association of the Suncoast Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in February 1966, 60 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, Young Mens Christian Association of the Suncoast Inc reported income of $29.2m and spending of $27.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.2m to $29.2m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 94% 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 the Suncoast Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include St Nicks Alliance Home Care Corp ($29.2m), Arc of Acadiana Inc ($29.2m) and People for People ($29.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $912k (3.3% of expenses). Other salaries and wages came to $13.9m. It paid $19k in professional fundraising fees. At year end it held assets of $46.7m against liabilities of $2.9m, net assets of $43.8m. It reported 1,486 employees.