Young Mens Christian Association Of Norwich
Norwich YMCA consistently generates surplus revenue, grows assets, and reports no officer compensation.
EIN: 150550177 · Norwich, NY · NTEE: P270 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $36M |
| Net Assets | $36.1M |
| Transparency Score | 90/100 |
Is Young Mens Christian Association Of Norwich Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Young Mens Christian Association Of Norwich directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Mens Christian Association Of Norwich
Young Mens Christian Association Of Norwich (EIN: 150550177) is a nonprofit organization based in Norwich, NY, classified under NTEE code P270. The organization reported total revenue of $5.4M and total assets of $38.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mens Christian Association Of Norwich's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Mens Christian Association Of Norwich is a mid-size nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$603K |
| Total Assets | $36.3M |
| Total Liabilities | $175K |
| Net Assets | $36.1M |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 194.7 months |
Financial Health Grade: A
In 2023, Young Mens Christian Association Of Norwich reported a surplus of $603K with revenue exceeding expenses, holds 194.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Young Mens Christian Association Of Norwich's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.3% | +3.1% | +10.2% |
| 2022 | -26.8% | +15.0% | -9.0% |
| 2021 | +39.8% | +22.4% | +12.6% |
| 2020 | -4.0% | -27.0% | +4.8% |
| 2019 | -7.3% | +3.3% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 Of Norwich 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 Of Norwich 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 $603K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and asset base ($36M+). This suggests either a volunteer-led executive team or that executive compensation is categorized differently, but as reported, it reflects a strong commitment to directing funds to programs.
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 Young Mens Christian Association Of Norwich's IRS 990 filings:
- Unusually low liabilities relative to assets, which could indicate conservative accounting or minimal debt, but also warrants a deeper look into funding structures.
- Consistent 0% officer compensation for an organization with over $36 million in assets is highly unusual and might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Young Mens Christian Association Of Norwich:
- Consistent positive net income, with revenue exceeding expenses in most years (e.g., $2,840,999 revenue vs. $2,238,350 expenses in 2023).
- Strong and growing asset base, increasing from $26.5M in 2014 to $36.3M in 2023.
- Very low liabilities relative to assets, indicating strong financial solvency (e.g., $174,979 liabilities vs. $36,312,608 assets in 2023).
- Zero reported officer compensation across all filings, suggesting high efficiency and dedication of funds to programs.
- Stable revenue generation over a decade, demonstrating resilience and consistent community support.
Frequently Asked Questions about Young Mens Christian Association Of Norwich
Is Young Mens Christian Association Of Norwich a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Of Norwich (EIN: 150550177) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Young Mens Christian Association Of Norwich spend its money?
Young Mens Christian Association Of Norwich directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Young Mens Christian Association Of Norwich tax-deductible?
Young Mens Christian Association Of Norwich is registered as a tax-exempt nonprofit (EIN: 150550177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Young Mens Christian Association Of Norwich CEO make?
Young Mens Christian Association Of Norwich's highest-compensated officer earns $36M annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Young Mens Christian Association Of Norwich's spending goes to programs?
Young Mens Christian Association Of Norwich directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Young Mens Christian Association Of Norwich compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Young Mens Christian Association Of Norwich is above average for NTEE category P270 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Young Mens Christian Association Of Norwich located?
Young Mens Christian Association Of Norwich is headquartered in Norwich, New York and files with the IRS under EIN 150550177. It is classified under NTEE code P270.
How many years of IRS 990 filings does Young Mens Christian Association Of Norwich have?
Young Mens Christian Association Of Norwich has 13 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 $5.4M in total revenue.
Is Young Mens Christian Association Of Norwich a good charity?
Based on the available financial data, the Young Mens Christian Association Of Norwich appears to be a very good charity. It consistently generates more revenue than expenses, has a strong and growing asset base, and notably reports 0% officer compensation, indicating a high dedication to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over time. Revenue has generally increased from around $2.1M in 2014 to $2.8M in 2023, and assets have grown significantly from $26.5M in 2014 to $36.3M in 2023, demonstrating consistent growth and stability.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as 'officer compensation' on the 990, which is a strong indicator of resource dedication to the mission.
Filing History
IRS 990 filing history for Young Mens Christian Association Of Norwich showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Young Mens Christian Association Of Norwich's revenue has grown by 54.8%, moving from $1.8M to $2.8M. Total assets increased by 67.7% over the same period, from $21.6M to $36.3M. Total functional expenses rose by 42.2%, from $1.6M to $2.2M. In its most recent filing year (2023), Young Mens Christian Association Of Norwich reported a surplus of $603K, with revenue exceeding expenses. The organization holds $175K in liabilities against $36.3M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $36.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.2M | $36.3M | $175K | — | — |
| 2022 | $2.1M | $2.2M | $33.0M | $215K | — | View 990 |
| 2021 | $2.9M | $1.9M | $36.2M | $148K | — | View 990 |
| 2020 | $2.1M | $1.5M | $32.2M | $117K | — | View 990 |
| 2019 | $2.2M | $2.1M | $30.7M | $173K | — | View 990 |
| 2018 | $2.4M | $2.0M | $26.8M | $186K | — | View 990 |
| 2017 | $2.3M | $2.1M | $28.4M | $120K | — | View 990 |
| 2016 | $2.4M | $2.0M | $26.8M | $148K | — | View 990 |
| 2015 | $2.2M | $1.8M | $26.0M | $148K | — | View 990 |
| 2014 | $2.1M | $1.8M | $26.5M | $149K | — | View 990 |
| 2013 | $2.0M | $1.6M | $25.3M | $112K | — | View 990 |
| 2012 | $1.9M | $1.6M | $22.6M | $211K | — | View 990 |
| 2011 | $1.8M | $1.6M | $21.6M | $210K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.2M, and assets of $36.3M (revenue +32.3% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.2M, and assets of $33.0M (revenue -26.8% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.9M, and assets of $36.2M (revenue +39.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.5M, and assets of $32.2M (revenue -4.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $30.7M (revenue -7.3% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.0M, and assets of $26.8M (revenue +1.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.1M, and assets of $28.4M (revenue -5.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.0M, and assets of $26.8M (revenue +8.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.8M, and assets of $26.0M (revenue +5.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.8M, and assets of $26.5M (revenue +7.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.6M, and assets of $25.3M (revenue +6.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.6M, and assets of $22.6M (revenue +2.0% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $21.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Mens Christian Association Of Norwich:
Data Sources and Methodology
This transparency report for Young Mens Christian Association Of Norwich 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.