Henderson County Young Mens Christian Association

Analysis

Henderson County Young Mens Christian Association is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in January 1945, 81 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, Henderson County Young Mens Christian Association reported income of $1.2m and spending of $1.5m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henderson County Young Mens Christian Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Rockland Council on Alcoholism Inc ($1.2m), Tri-Valley Minor Hockey Association Inc ($1.2m) and United Way of Alamance County Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $100k (6.8% of expenses). Other salaries and wages came to $544k. At year end it held assets of $3.8m against liabilities of $29k, net assets of $3.7m. It reported 113 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.