The Young Mens Christian Association of Greater Seattle

Analysis

The Young Mens Christian Association of Greater Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1942, 84 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, The Young Mens Christian Association of Greater Seattle reported income of $123.2m and spending of $127.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $114.0m to $123.2m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Young Mens Christian Association of Greater Seattle sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include THDF II Inc ($122.4m), Community Hospice of Northeast Florida Inc ($123.8m) and Heart Share Human Services of New York ($120.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.5m (1.2% of expenses). Other salaries and wages came to $64.3m. At year end it held assets of $262.9m against liabilities of $71.9m, net assets of $191.0m. It reported 3,515 employees.