Young Mens Christian Association

Analysis

Young Mens Christian Association is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in January 1967, 59 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 August 2023, Young Mens Christian Association reported income of $9.4m and spending of $6.8m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.7m to $9.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 80% 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 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Devworks International Inc ($9.4m), Rapid City Y M C a ($9.4m) and Community Action Partnership of Mercer County ($9.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $370k (5.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $20.5m against liabilities of $643k, net assets of $19.9m. It reported 209 employees.