Young Mens Christian Association Booth Bay Region
Boothbay Region YMCA shows strong asset growth and consistent surpluses with zero reported officer compensation.
EIN: 10237912 · Boothbay Hbr, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.9M |
| Total Expenses | $4.2M |
| Program Spending | 85% |
| Net Assets | $25.0M |
| Transparency Score | 90/100 |
Is Young Mens Christian Association Booth Bay Region Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Young Mens Christian Association Booth Bay Region directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Mens Christian Association Booth Bay Region
Young Mens Christian Association Booth Bay Region (EIN: 10237912) is a nonprofit organization based in Boothbay Hbr, ME. The organization reported total revenue of $11.9M and total assets of $29.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mens Christian Association Booth Bay Region's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Mens Christian Association Booth Bay Region is a large nonprofit that has been operating for 71 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $27.3M |
| Total Liabilities | $2.3M |
| Net Assets | $25.0M |
| Operating Margin | 34.6% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 77.4 months |
Financial Health Grade: A
In 2023, Young Mens Christian Association Booth Bay Region reported a surplus of $2.2M with revenue exceeding expenses, holds 77.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Young Mens Christian Association Booth Bay Region's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.0% | +20.9% | +8.4% |
| 2022 | -43.4% | +10.2% | -1.7% |
| 2021 | +89.0% | +2.3% | +14.9% |
| 2020 | -2.6% | -0.4% | +3.6% |
| 2019 | -47.2% | +4.7% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Young Mens Christian Association Booth Bay Region with a Mission Score of 90 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, Young Mens Christian Association Booth Bay Region 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is reported under other expense categories, but as reported, it's a strong positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Young Mens Christian Association Booth Bay Region:
- Consistent asset growth, from $17.29 million in 2014 to $27.29 million in 2023.
- Zero reported officer compensation across all filings, indicating strong resource allocation to mission.
- Frequent operating surpluses, such as $2.24 million in 2023 ($6.48M revenue - $4.23M expenses).
- Relatively low liabilities compared to assets, indicating financial health.
- Strong revenue generation in recent years, with $6.48 million in 2023.
Frequently Asked Questions about Young Mens Christian Association Booth Bay Region
Is Young Mens Christian Association Booth Bay Region a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Booth Bay Region (EIN: 10237912) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Young Mens Christian Association Booth Bay Region spend its money?
Young Mens Christian Association Booth Bay Region directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Young Mens Christian Association Booth Bay Region tax-deductible?
Young Mens Christian Association Booth Bay Region is registered as a tax-exempt nonprofit (EIN: 10237912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Young Mens Christian Association Booth Bay Region's spending goes to programs?
Young Mens Christian Association Booth Bay Region directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Young Mens Christian Association Booth Bay Region located?
Young Mens Christian Association Booth Bay Region is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 10237912.
How many years of IRS 990 filings does Young Mens Christian Association Booth Bay Region have?
Young Mens Christian Association Booth Bay Region has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.9M in total revenue.
Is the Young Mens Christian Association Booth Bay Region financially stable?
Yes, the organization appears financially stable. Assets have grown from $17.29 million in 2014 to $27.29 million in 2023, and liabilities have remained relatively low compared to assets, such as $2.33 million in liabilities against $27.29 million in assets in 2023.
How has the organization's revenue trended over the past few years?
Revenue has fluctuated significantly, with a high of $6.48 million in 2023 and $6.16 million in 2018, but also periods of lower revenue like $2.33 million in 2016 and $3.39 million in 2022.
Does the organization pay its officers?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation across all 14 filings, suggesting no salaries are paid to its officers.
What is the organization's approach to managing expenses?
The organization generally manages expenses well, often spending less than its revenue, leading to surpluses. For example, in 2023, expenses were $4.23 million against $6.48 million in revenue.
Filing History
IRS 990 filing history for Young Mens Christian Association Booth Bay Region showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Young Mens Christian Association Booth Bay Region's revenue has grown by 19.3%, moving from $5.4M to $6.5M. Total assets increased by 81.1% over the same period, from $15.1M to $27.3M. Total functional expenses rose by 95.3%, from $2.2M to $4.2M. In its most recent filing year (2023), Young Mens Christian Association Booth Bay Region reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $27.3M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $25.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $4.2M | $27.3M | $2.3M | — | — |
| 2022 | $3.4M | $3.5M | $25.2M | $2.4M | — | — |
| 2021 | $6.0M | $3.2M | $25.6M | $1.2M | — | View 990 |
| 2020 | $3.2M | $3.1M | $22.3M | $1.3M | — | — |
| 2019 | $3.3M | $3.1M | $21.5M | $1.2M | — | View 990 |
| 2018 | $6.2M | $3.0M | $20.3M | $1.2M | — | View 990 |
| 2017 | $2.6M | $2.8M | $17.0M | $470K | — | View 990 |
| 2016 | $2.3M | $2.6M | $16.5M | $497K | — | View 990 |
| 2015 | $2.1M | $2.4M | $16.1M | $207K | — | View 990 |
| 2014 | $2.1M | $2.4M | $17.3M | $928K | — | View 990 |
| 2013 | $2.6M | $2.3M | $17.4M | $1.1M | — | View 990 |
| 2012 | $2.0M | $2.4M | $16.8M | $1.5M | — | View 990 |
| 2011 | $2.7M | $2.0M | $17.0M | $1.6M | — | View 990 |
| 2010 | $5.4M | $2.2M | $15.1M | $358K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $4.2M, and assets of $27.3M (revenue +91.0% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.5M, and assets of $25.2M (revenue -43.4% year-over-year).
- 2021: Revenue of $6.0M, expenses of $3.2M, and assets of $25.6M (revenue +89.0% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.1M, and assets of $22.3M (revenue -2.6% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.1M, and assets of $21.5M (revenue -47.2% year-over-year).
- 2018: Revenue of $6.2M, expenses of $3.0M, and assets of $20.3M (revenue +140.6% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.8M, and assets of $17.0M (revenue +9.7% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.6M, and assets of $16.5M (revenue +10.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.4M, and assets of $16.1M (revenue +0.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.4M, and assets of $17.3M (revenue -18.0% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.3M, and assets of $17.4M (revenue +28.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.4M, and assets of $16.8M (revenue -24.6% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.0M, and assets of $17.0M (revenue -51.1% year-over-year).
- 2010: Revenue of $5.4M, expenses of $2.2M, and assets of $15.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Mens Christian Association Booth Bay Region:
Data Sources and Methodology
This transparency report for Young Mens Christian Association Booth Bay Region 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.