Young Mens Christian Association of Pierce and Kitsap Counties

Analysis

Young Mens Christian Association of Pierce and Kitsap Counties is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Young Mens Christian Association of Pierce and Kitsap Counties reported income of $68.3m and spending of $67.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $74.2m to $68.3m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 108% 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 Pierce and Kitsap Counties sits at the 99th 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 99th percentile within WA. Charities of a similar size with the same main cause include African American Planning Commission Inc ($68.3m), Lifes Worc Inc ($68.3m) and Family Counseling Center Inc ($68.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $584k (0.9% of expenses). Other salaries and wages came to $31.1m. At year end it held assets of $132.0m against liabilities of $41.3m, net assets of $90.7m. It reported 2,864 employees.