Young Mens Christian Association of Central Texas

Analysis

Young Mens Christian Association of Central Texas is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in December 1982, 44 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 Central Texas reported income of $59.3m and spending of $36.5m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.0m to $59.3m (+105%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 73% 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 Central Texas sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Adventhealth Ransom Memorial Inc ($59.2m), Great Circle ($59.4m) and Consortium for Graduate Study in Management ($59.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.6m (4.3% of expenses). Other salaries and wages came to $17.6m. At year end it held assets of $109.0m against liabilities of $7.7m, net assets of $101.3m. It reported 1,922 employees.