Young Mens Christian Association of Metropolitan Chattanooga

Analysis

Young Mens Christian Association of Metropolitan Chattanooga is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 1937, 89 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, Young Mens Christian Association of Metropolitan Chattanooga reported income of $24.4m and spending of $22.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.4m to $24.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Mens Christian Association of Metropolitan Chattanooga sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Jubilee Housing Inc ($24.4m), His House Inc ($24.4m) and Lab School of Washington ($24.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $685k (3.1% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $38.0m against liabilities of $4.4m, net assets of $33.6m. It reported 1,350 employees.