Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1942, 84 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 October 2023, Young Mens Christian Association reported income of $34.6m and spending of $31.7m, spending 92% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $27.7m to $34.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to October 2021, when income rose by 20%. Over the whole period it spent 97% 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 sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Chimes Metro Inc ($34.6m), Twin Towers ($34.7m) and River Crossing Young Mens Christian Association ($34.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $588k (1.9% of expenses). Other salaries and wages came to $14.1m. It paid $72k in professional fundraising fees. At year end it held assets of $53.4m against liabilities of $11.7m, net assets of $41.6m. It reported 1,860 employees.