Young Mens Christian Association of Wichita Falls

Analysis

Young Mens Christian Association of Wichita Falls is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in June 1946, 80 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 September 2023, Young Mens Christian Association of Wichita Falls reported income of $7.1m and spending of $5.8m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $7.1m (+115%), an average of +21% a year. The sharpest change came in the year to September 2020, when income rose by 90%. Over the whole period it spent 79% 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 Wichita Falls sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Family Rescue ($7.1m), Pathfinders Milwaukee Inc ($7.1m) and Detroit Recovery Project ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $26.9m against liabilities of $3.2m, net assets of $23.7m. It reported 310 employees.