Young Mens Christian Association of the Shoals Inc

Analysis

Young Mens Christian Association of the Shoals Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in April 1969, 57 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 Shoals Inc reported income of $2.8m and spending of $2.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.8m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 92% 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 Shoals Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Extended Housing Inc ($2.8m), Mobile Meal Service of Spartanburg County Inc ($2.8m) and Soar Tennessee ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $9.4m against liabilities of $3.1m, net assets of $6.2m. It reported 197 employees.