Young Mens Christian Association of the Coosa Valley Inc

Analysis

Young Mens Christian Association of the Coosa Valley Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in March 1963, 63 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, Young Mens Christian Association of the Coosa Valley Inc reported income of $397k and spending of $302k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $585k to $397k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 109% 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 the Coosa Valley Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include Learn and Grow Child Care Center Inc ($397k), Vermilion Parish Council on Aging ($397k) and Warehouses4good ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $87k (29% of expenses). Other salaries and wages came to $61k. At year end it held assets of $520k against liabilities of $317k, net assets of $202k. It reported 41 employees.