Olympic Peninsula Young Mens Christian Assn

Analysis

Olympic Peninsula Young Mens Christian Assn is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in December 1949, 77 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, Olympic Peninsula Young Mens Christian Assn reported income of $4.7m and spending of $5.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olympic Peninsula Young Mens Christian Assn sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include 3 Way Thrift Store Inc ($4.7m), Daughters of Sarah Housing Company Inc ($4.7m) and Maggies Place Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $157k (3.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.1m against liabilities of $2.3m, net assets of $1.8m. It reported 235 employees.