Young Mens Christian Association of Silicon Valley

Analysis

Young Mens Christian Association of Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 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 June 2023, Young Mens Christian Association of Silicon Valley reported income of $59.7m and spending of $64.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $82.4m to $59.7m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 98%. 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, Young Mens Christian Association of Silicon Valley 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 CA. Charities of a similar size with the same main cause include McGregor Pace ($59.7m), Family Service League Inc ($59.9m) and Foodbank of Southern California ($59.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.4m (2.1% of expenses). Other salaries and wages came to $30.9m. At year end it held assets of $95.1m against liabilities of $25.9m, net assets of $69.2m. It reported 1,866 employees.