Young Mens Christian Association of West Central Florida Inc

Analysis

Young Mens Christian Association of West Central Florida Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in April 1968, 58 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 December 2023, Young Mens Christian Association of West Central Florida Inc reported income of $12.2m and spending of $6.5m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $12.2m (+121%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 58% 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 West Central Florida Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Apostolic Christian Home ($12.2m), The Daily Planet Inc ($12.2m) and East Central Il Community Action Agency ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $137k (2.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $27.1m against liabilities of $2.5m, net assets of $24.5m. It reported 363 employees.