Union County Young Mens Christian Association

Analysis

Union County Young Mens Christian Association is a registered charity in United States, based in Morganfield, KY. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Union County Young Mens Christian Association reported income of $137k and spending of $166k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $152k to $137k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union County Young Mens Christian Association sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Cutting Fences Foundation ($137k), Jackson County Child Care Network Inc ($137k) and Maryland Foster Parent Association Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $42k (25% of expenses). Other salaries and wages came to $34k. At year end it held assets of $344k against liabilities of $14k, net assets of $330k. It reported 9 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.