Corona-Norco Family Young Mens Christian Association

Analysis

Corona-Norco Family Young Mens Christian Association is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in November 1974, 52 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, Corona-Norco Family Young Mens Christian Association reported income of $9.3m and spending of $8.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $9.3m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corona-Norco Family Young Mens Christian Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Waveny Care Center Health Services Inc ($9.3m), Keystone Hospice ($9.3m) and Creative Solutions for Kids & Families Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $197k (2.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $6.5m against liabilities of $4.1m, net assets of $2.4m. It reported 161 employees.