Young Mens Christian Association Sheridan County

Analysis

Young Mens Christian Association Sheridan County is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in December 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 Sheridan County reported income of $3.8m and spending of $4.2m, spending 110% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $5.4m to $3.8m (-30%), an average of -11% a year. The sharpest change came in the year to August 2023, when income dropped by 19%. Over the whole period it spent 78% 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 Sheridan County sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 95th percentile within WY. Charities of a similar size with the same main cause include International Communication Assn ($3.8m), World Services for the Blind Incorporated ($3.8m) and Gaston Residential Services Icf Mr Inc ($3.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $112k (2.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $47.2m against liabilities of $3.4m, net assets of $43.8m. It reported 240 employees.