Young Mens Christian Association Of Olean Ny And Bradford Pa
YMCA of Olean and Bradford shows consistent asset growth and positive net income in recent years.
EIN: 160743241 · Olean, NY · NTEE: Z99 · Updated: 2026-03-28
Is Young Mens Christian Association Of Olean Ny And Bradford Pa 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 Olean Ny And Bradford Pa directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Mens Christian Association Of Olean Ny And Bradford Pa
Young Mens Christian Association Of Olean Ny And Bradford Pa (EIN: 160743241) is a nonprofit organization based in Olean, NY, classified under NTEE code Z99. The organization reported total revenue of $10.5M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mens Christian Association Of Olean Ny And Bradford Pa'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 Young Mens Christian Association Of Olean Ny And Bradford Pa with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Young Mens Christian Association Of Olean Ny And Bradford Pa allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which could indicate that executive compensation is either very low, not reported in this specific field, or covered under other expense categories. This lack of reported compensation in the 'Officer Comp' field makes it difficult to assess executive pay relative to the organization's size of over $10 million in annual revenue.
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 Olean Ny And Bradford Pa's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation reported, which may obscure actual executive pay
Strengths
The following positive indicators were identified for Young Mens Christian Association Of Olean Ny And Bradford Pa:
- Consistent asset growth from $13.6M in 2014 to $20M in 2023, indicating financial stability.
- Revenue generally exceeding expenses in recent years, contributing to net asset accumulation.
- Significant revenue growth from $5.7M in 2014 to over $10M in 2023, demonstrating increased capacity.
- Healthy asset-to-liability ratio, with assets at $20M and liabilities at $6.4M in 2023.
Frequently Asked Questions about Young Mens Christian Association Of Olean Ny And Bradford Pa
Is Young Mens Christian Association Of Olean Ny And Bradford Pa a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Of Olean Ny And Bradford Pa (EIN: 160743241) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Young Mens Christian Association Of Olean Ny And Bradford Pa spend its money?
Young Mens Christian Association Of Olean Ny And Bradford Pa directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Young Mens Christian Association Of Olean Ny And Bradford Pa tax-deductible?
Young Mens Christian Association Of Olean Ny And Bradford Pa is registered as a tax-exempt nonprofit (EIN: 160743241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization allocate its expenses between program services, administration, and fundraising?
While the filings show total expenses, a detailed breakdown of program, administrative, and fundraising costs is not readily available in the provided summary. This information is crucial for a complete assessment of spending efficiency.
What is the reason for the consistent 0% officer compensation reported in all filings?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It warrants further investigation to understand if executive compensation is truly absent, reported under a different category, or if there's a specific reporting practice in place.
What caused the significant revenue increase in 2022 to $12,713,617, and the subsequent decrease in 2023?
The substantial jump in revenue in 2022, followed by a decrease in 2023, suggests a potential one-time event, a large grant, or a change in funding streams. Understanding the nature of this fluctuation would provide insight into the organization's revenue stability.
Filing History
IRS 990 filing history for Young Mens Christian Association Of Olean Ny And Bradford Pa showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Young Mens Christian Association Of Olean Ny And Bradford Pa's revenue has grown by 114.7%, moving from $5.0M to $10.7M. Total assets increased by 53.4% over the same period, from $13.1M to $20.1M. Total functional expenses rose by 105.2%, from $5.0M to $10.2M. In its most recent filing year (2023), Young Mens Christian Association Of Olean Ny And Bradford Pa reported a surplus of $488K, with revenue exceeding expenses. The organization holds $6.5M in liabilities against $20.1M in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $13.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.7M | $10.2M | $20.1M | $6.5M | — | View 990 |
| 2022 | $12.7M | $9.1M | $18.8M | $6.0M | — | View 990 |
| 2021 | $7.8M | $7.3M | $15.4M | $5.8M | — | — |
| 2020 | $6.4M | $6.3M | $13.7M | $4.5M | — | — |
| 2019 | $6.9M | $6.7M | $13.0M | $4.1M | — | View 990 |
| 2018 | $6.5M | $7.0M | $12.5M | $4.1M | — | View 990 |
| 2017 | $6.4M | $6.4M | $13.1M | $4.0M | — | View 990 |
| 2016 | $6.3M | $6.6M | $13.0M | $4.3M | — | View 990 |
| 2015 | $6.3M | $6.5M | $13.5M | $4.6M | — | View 990 |
| 2014 | $5.7M | $6.0M | $13.6M | $4.7M | — | View 990 |
| 2013 | $5.4M | $5.2M | $14.0M | $5.0M | — | View 990 |
| 2012 | $5.0M | $4.8M | $13.2M | $4.7M | — | View 990 |
| 2011 | $5.0M | $5.0M | $13.1M | $4.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.7M, expenses of $10.2M, and assets of $20.1M (revenue -16.2% year-over-year).
- 2022: Revenue of $12.7M, expenses of $9.1M, and assets of $18.8M (revenue +62.3% year-over-year).
- 2021: Revenue of $7.8M, expenses of $7.3M, and assets of $15.4M (revenue +23.3% year-over-year).
- 2020: Revenue of $6.4M, expenses of $6.3M, and assets of $13.7M (revenue -8.2% year-over-year).
- 2019: Revenue of $6.9M, expenses of $6.7M, and assets of $13.0M (revenue +7.1% year-over-year).
- 2018: Revenue of $6.5M, expenses of $7.0M, and assets of $12.5M (revenue +0.2% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.4M, and assets of $13.1M (revenue +3.0% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.6M, and assets of $13.0M (revenue -0.5% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.5M, and assets of $13.5M (revenue +9.5% year-over-year).
- 2014: Revenue of $5.7M, expenses of $6.0M, and assets of $13.6M (revenue +6.8% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.2M, and assets of $14.0M (revenue +7.6% year-over-year).
- 2012: Revenue of $5.0M, expenses of $4.8M, and assets of $13.2M (revenue +0.6% year-over-year).
- 2011: Revenue of $5.0M, expenses of $5.0M, and assets of $13.1M.
Data Sources and Methodology
This transparency report for Young Mens Christian Association Of Olean Ny And Bradford Pa 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.