Hopkins County Family Young Mens Christian Association Inc

Analysis

Hopkins County Family Young Mens Christian Association Inc is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in December 1977, 49 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, Hopkins County Family Young Mens Christian Association Inc reported income of $3.5m and spending of $2.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.5m (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopkins County Family Young Mens Christian Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include YMCA of the Greater Tri-Cities ($3.5m), The Arc of East Ascension ($3.5m) and Union Mission Ministries Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $100k (3.4% of expenses). Other salaries and wages came to $973k. At year end it held assets of $4.8m against liabilities of $188k, net assets of $4.6m. It reported 181 employees.