Somerset County Young Mens Christian Association Inc
Somerset County YMCA: Strong Assets, Consistent Revenue, but Transparency Lacking on Executive Compensation
EIN: 221559439 · Basking Ridge, NJ · NTEE: P270 · Updated: 2026-04-04
Is Somerset County Young Mens Christian Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somerset County Young Mens Christian Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somerset County Young Mens Christian Association Inc
Somerset County Young Mens Christian Association Inc (EIN: 221559439) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code P270. The organization reported total revenue of $32.9M and total assets of $50.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset County Young Mens Christian Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somerset County Young Mens Christian Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Somerset County Young Mens Christian Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Without specific compensation figures from Form 990, a comprehensive assessment of executive compensation is not possible; however, the organization's overall financial health suggests capacity for competitive, but hopefully reasonable, remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Somerset County Young Mens Christian Association Inc's IRS 990 filings:
- Lack of readily available executive compensation details in summary data.
- High administrative costs in some years could indicate inefficiencies if not justified by specific operational needs.
Strengths
The following positive indicators were identified for Somerset County Young Mens Christian Association Inc:
- Consistent revenue generation, with 2023 revenue at $23,195,176.
- Strong asset base, reaching $49,790,303 in 2023.
- Positive net assets (assets exceeding liabilities) across all reported years.
- Demonstrated financial stability and growth over an extended period.
Frequently Asked Questions about Somerset County Young Mens Christian Association Inc
Is Somerset County Young Mens Christian Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset County Young Mens Christian Association Inc (EIN: 221559439) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Somerset County Young Mens Christian Association Inc spend its money?
Somerset County Young Mens Christian Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Somerset County Young Mens Christian Association Inc tax-deductible?
Somerset County Young Mens Christian Association Inc is registered as a tax-exempt nonprofit (EIN: 221559439). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Somerset County Young Mens Christian Association Inc do?
Somerset County Young Mens Christian Association Inc is a nonprofit organization in the Human Services sector, located in Basking Ridge, New Jersey. It is classified under NTEE code P270.
How much revenue does Somerset County Young Mens Christian Association Inc have?
Somerset County Young Mens Christian Association Inc reported total revenue of $32,850,817. Based on 13 IRS 990 filings on record.
What are Somerset County Young Mens Christian Association Inc's total assets?
Somerset County Young Mens Christian Association Inc holds total assets of $50,778,415 as reported in IRS 990 filings.
Where is Somerset County Young Mens Christian Association Inc located?
Somerset County Young Mens Christian Association Inc is based in Basking Ridge, New Jersey.
What is Somerset County Young Mens Christian Association Inc's EIN?
Somerset County Young Mens Christian Association Inc's Employer Identification Number (EIN) is 221559439. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Somerset County Young Mens Christian Association Inc?
Somerset County Young Mens Christian Association Inc is classified under NTEE code P270 (Human Services).
Is Somerset County Young Mens Christian Association Inc a registered 501(c)(3)?
Yes, Somerset County Young Mens Christian Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 221559439.
Does Somerset County Young Mens Christian Association Inc file IRS Form 990?
Yes, Somerset County Young Mens Christian Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Somerset County Young Mens Christian Association Inc's revenue in 2023?
In the 202312 filing period, Somerset County Young Mens Christian Association Inc reported total revenue of $23,195,176, total expenses of $22,074,956, and net assets of $49,790,303.
Is Somerset County Young Mens Christian Association Inc's revenue growing or declining?
Somerset County Young Mens Christian Association Inc's revenue is growing. Revenue went from $21,233,112 (202212) to $23,195,176 (202312), a +9.2% change. Based on 13 filings on record.
What is Somerset County Young Mens Christian Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Somerset County Young Mens Christian Association Inc covers tax period 202312. It shows revenue of $23,195,176, expenses of $22,074,956, total assets of $49,790,303, and liabilities of $1,902,509.
How much does Somerset County Young Mens Christian Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Somerset County Young Mens Christian Association Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Somerset County Young Mens Christian Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Somerset County Young Mens Christian Association Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Somerset County Young Mens Christian Association Inc?
The following concerns were identified: Lack of readily available executive compensation details in summary data.. High administrative costs in some years could indicate inefficiencies if not justified by specific operational needs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Somerset County Young Mens Christian Association Inc's strengths?
Positive indicators for Somerset County Young Mens Christian Association Inc include: Consistent revenue generation, with 2023 revenue at $23,195,176.. Strong asset base, reaching $49,790,303 in 2023.. Positive net assets (assets exceeding liabilities) across all reported years.. Demonstrated financial stability and growth over an extended period.. These findings are derived from AI analysis of the organization's financial filings.
How does Somerset County Young Mens Christian Association Inc compensate executives?
Without specific compensation figures from Form 990, a comprehensive assessment of executive compensation is not possible; however, the organization's overall financial health suggests capacity for competitive, but hopefully reasonable, remuneration. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage its liabilities, which were $1,902,509 in 2023, relative to its substantial assets?
The organization maintains a healthy balance sheet, with liabilities consistently representing a small fraction of total assets, indicating strong financial management and solvency.
What specific factors contributed to the significant increase in total assets from $31,603,348 in 2016 to $49,790,303 in 2023?
The asset growth likely stems from a combination of retained earnings from consistent revenue exceeding expenses, potential capital campaigns, and appreciation of existing assets, reflecting robust financial health and investment in its mission.
Filing History
IRS 990 filing history for Somerset County Young Mens Christian Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Somerset County Young Mens Christian Association Inc's revenue has grown by 85.5%, moving from $12.5M to $23.2M. Total assets increased by 115.3% over the same period, from $23.1M to $49.8M. Total functional expenses rose by 121.9%, from $9.9M to $22.1M. In its most recent filing year (2023), Somerset County Young Mens Christian Association Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $49.8M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $47.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $23.2M | $22.1M | $49.8M | $1.9M | — | View 990 |
| 2022 | $21.2M | $18.7M | $49.4M | $3.2M | — | View 990 |
| 2021 | $14.8M | $13.1M | $38.5M | $3.0M | — | View 990 |
| 2020 | $13.6M | $14.2M | $37.6M | $3.8M | — | — |
| 2019 | $21.3M | $19.9M | $38.0M | $4.1M | — | View 990 |
| 2018 | $22.0M | $19.1M | $36.8M | $4.8M | — | View 990 |
| 2017 | $21.3M | $18.7M | $34.3M | $4.8M | — | View 990 |
| 2016 | $20.7M | $18.2M | $31.6M | $5.0M | — | View 990 |
| 2015 | $19.7M | $17.9M | $29.7M | $5.7M | — | View 990 |
| 2014 | $12.8M | $10.9M | $24.4M | $3.5M | — | View 990 |
| 2013 | $11.9M | $10.1M | $23.1M | $4.0M | — | View 990 |
| 2012 | $11.4M | $10.5M | $22.9M | $5.7M | — | View 990 |
| 2011 | $12.5M | $9.9M | $23.1M | $6.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.2M, expenses of $22.1M, and assets of $49.8M (revenue +9.2% year-over-year).
- 2022: Revenue of $21.2M, expenses of $18.7M, and assets of $49.4M (revenue +43.5% year-over-year).
- 2021: Revenue of $14.8M, expenses of $13.1M, and assets of $38.5M (revenue +8.8% year-over-year).
- 2020: Revenue of $13.6M, expenses of $14.2M, and assets of $37.6M (revenue -36.3% year-over-year).
- 2019: Revenue of $21.3M, expenses of $19.9M, and assets of $38.0M (revenue -3.1% year-over-year).
- 2018: Revenue of $22.0M, expenses of $19.1M, and assets of $36.8M (revenue +3.5% year-over-year).
- 2017: Revenue of $21.3M, expenses of $18.7M, and assets of $34.3M (revenue +2.9% year-over-year).
- 2016: Revenue of $20.7M, expenses of $18.2M, and assets of $31.6M (revenue +5.0% year-over-year).
- 2015: Revenue of $19.7M, expenses of $17.9M, and assets of $29.7M (revenue +53.8% year-over-year).
- 2014: Revenue of $12.8M, expenses of $10.9M, and assets of $24.4M (revenue +7.6% year-over-year).
- 2013: Revenue of $11.9M, expenses of $10.1M, and assets of $23.1M (revenue +4.4% year-over-year).
- 2012: Revenue of $11.4M, expenses of $10.5M, and assets of $22.9M (revenue -8.8% year-over-year).
- 2011: Revenue of $12.5M, expenses of $9.9M, and assets of $23.1M.
Data Sources and Methodology
This transparency report for Somerset County Young Mens Christian Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.