Gallatin Valley Young Mens Christian Association Inc

Analysis

Gallatin Valley Young Mens Christian Association Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Gallatin Valley Young Mens Christian Association Inc reported income of $2.1m and spending of $2.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gallatin Valley Young Mens Christian Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within MT. Charities of a similar size with the same main cause include Sisters of the Adoration Corp ($2.1m), Austin Hindu Temple and Community Center ($2.1m) and Lot318 ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $65k (2.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.3m against liabilities of $2.9m, net assets of $3.3m. It reported 151 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.