Young Mens Christian Association of East Tennessee Inc

Analysis

Young Mens Christian Association of East Tennessee Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1938, 88 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, Young Mens Christian Association of East Tennessee Inc reported income of $14.9m and spending of $14.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $14.9m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Association of East Tennessee Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Arc of New Jersey Inc ($14.9m), Mid Sioux Opportunity Inc ($14.9m) and Changing Tides Family Services ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $549k (3.7% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $24.3m against liabilities of $7.2m, net assets of $17.2m. It reported 881 employees.