Young Mens Christian Association of South Palm Beach County Inc

Analysis

Young Mens Christian Association of South Palm Beach County Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in February 1973, 53 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 South Palm Beach County Inc reported income of $15.7m and spending of $14.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.8m to $15.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 88% 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 South Palm Beach County 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 97th percentile within FL. Charities of a similar size with the same main cause include Young Mens Christian Association of Erie Pa ($15.7m), Center for Global Development ($15.7m) and Childrens Home of Northern Kentucky Inc ($15.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $613k (4.2% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $21.3m against liabilities of $5.2m, net assets of $16.0m. It reported 585 employees.