Ashland Area Young Mens Christian Association

Analysis

Ashland Area Young Mens Christian Association is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in November 1971, 55 years ago. 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, Ashland Area Young Mens Christian Association reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashland Area Young Mens Christian Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Welcome Home Inc ($2.6m), Boys and Girls Clubs of Western Nevada ($2.6m) and Success America ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $1.2m (45% of expenses). At year end it held assets of $5.3m against liabilities of $172k, net assets of $5.1m. It reported 209 employees.