Young Mens Christian Association of Southeast Ventura County

Analysis

Young Mens Christian Association of Southeast Ventura County is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in March 1971, 55 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 June 2023, Young Mens Christian Association of Southeast Ventura County reported income of $11.2m and spending of $12.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.6m to $11.2m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 106% 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 Southeast Ventura County 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 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities Inc ($11.2m), Daily Bread Ministries ($11.2m) and Meals on Wheels Plus of Manatee Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $458k (3.8% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $39.6m against liabilities of $5.7m, net assets of $33.9m. It reported 443 employees.