Central Coast Young Mens Christian Association

Analysis

Central Coast Young Mens Christian Association is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Central Coast Young Mens Christian Association reported income of $9.4m and spending of $8.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $9.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Coast Young Mens Christian Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include South Arts Inc ($9.4m), Promises2kids Foundation ($9.4m) and Jewish Community FND of the Jewish Federation Council of Greater LA ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $429k (5.1% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $15.0m against liabilities of $3.9m, net assets of $11.1m. It reported 432 employees.