Young Mens Christian Association of Palestine Texas

Analysis

Young Mens Christian Association of Palestine Texas is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in July 1971, 55 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 December 2023, Young Mens Christian Association of Palestine Texas reported income of $2.9m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.9m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 96% 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 Palestine Texas sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Woods Hollow Childrens Center Inc ($2.9m), The Good Samaritan Ministries ($3.0m) and Fusion-Friends United to Shelter the Indigent Oppressed and Needy ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 62% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $871k, net assets of $4.4m. It reported 244 employees.