Young Mens Christian Association Corsicana

Analysis

Young Mens Christian Association Corsicana is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in December 1937, 89 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 Corsicana reported income of $2.4m and spending of $2.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 101% 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 Corsicana sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Association of Gospel Rescue Missions ($2.4m), Krismark Corporation ($2.4m) and Arizona Housing Coalition ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $75k (3.0% of expenses). Other salaries and wages came to $744k. At year end it held assets of $1.9m against liabilities of $302k, net assets of $1.6m. It reported 167 employees.