Young Mens Christian Assoc Dryades St Colored Young Mens Association

Analysis

Young Mens Christian Assoc Dryades St Colored Young Mens Association is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1952, 74 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 2022, Young Mens Christian Assoc Dryades St Colored Young Mens Association reported income of $3.3m and spending of $5.1m, spending 154% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $5.6m to $3.3m (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Assoc Dryades St Colored Young Mens Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Senior Services Inc of Wichita ($3.3m), Community Coordinated Child Care ($3.3m) and Central Lincoln County Young Mens Christian Association ($3.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $120k (2.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $17.6m against liabilities of $1.3m, net assets of $16.3m. It reported 60 employees.