South Sound Young Mens Christian Association

Analysis

South Sound Young Mens Christian Association is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in July 1945, 81 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, South Sound Young Mens Christian Association reported income of $12.3m and spending of $11.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.0m to $12.3m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Sound Young Mens Christian Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include The Arc of Alachua County Inc ($12.3m), Good Family Support Services Inc ($12.3m) and Dominican Village Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $419k (3.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $29.9m against liabilities of $4.3m, net assets of $25.6m. It reported 595 employees.