Young Mens Christian Association of Metropolitan Denver

Analysis

Young Mens Christian Association of Metropolitan Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1936, 90 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 December 2023, Young Mens Christian Association of Metropolitan Denver reported income of $26.5m and spending of $28.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.6m to $26.5m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 97% 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 Metropolitan Denver sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Food Bank for Larimer County ($26.5m), Capstone Community Action Inc ($26.5m) and Northwest Michigan Community Action Agency Inc ($26.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $420k (1.5% of expenses). Other salaries and wages came to $13.0m. It paid $22k in professional fundraising fees. At year end it held assets of $37.6m against liabilities of $10.4m, net assets of $27.2m. It reported 1,193 employees.