Young Mens Christian Association of Hattiesburg Mississippi

Analysis

Young Mens Christian Association of Hattiesburg Mississippi is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in November 1939, 87 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 Hattiesburg Mississippi reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+16%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 56%. 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 Hattiesburg Mississippi sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MS. Charities of a similar size with the same main cause include O D a Community Development Corp ($3.1m), Society for Investigative Dermatology Inc ($3.1m) and Montana State University-Northern Foundation ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $204k (6.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.8m against liabilities of $2.4m, net assets of $3.4m. It reported 263 employees.