Young Mens Christian Association of Golden Crescent Inc

Analysis

Young Mens Christian Association of Golden Crescent Inc is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in August 1965, 61 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 2023, Young Mens Christian Association of Golden Crescent Inc reported income of $5.3m and spending of $5.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 90% 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 Golden Crescent Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Rayim for Chaim Inc ($5.3m), Elaine Ellis Center of Health Inc ($5.3m) and Northwest Nutrition Service ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $126k (2.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $13.0m against liabilities of $3.2m, net assets of $9.9m. It reported 347 employees.