Santa Monica Young Mens Christian Association

Analysis

Santa Monica Young Mens Christian Association is a registered charity in United States, based in Santa Monica, 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 December 2023, Santa Monica Young Mens Christian Association reported income of $4.9m and spending of $5.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $4.9m (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Santa Monica Young Mens Christian Association 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 92nd percentile within CA. Charities of a similar size with the same main cause include Lev Rochel Bikur Cholim of Lakewood Inc ($4.9m), Cullman County Center for the Developmentally Disabled Inc ($4.9m) and Kencrest Centers ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $228k (4.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $11.8m against liabilities of $194k, net assets of $11.6m. It reported 142 employees.