Young Mens Christian Association Of Watertown Ny Inc
Watertown YMCA shows strong financial growth with consistent surpluses and increasing assets.
EIN: 150559207 · Watertown, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.4M |
| Total Expenses | $6.4M |
| Program Spending | 80% |
| Net Assets | $24.5M |
| Transparency Score | 85/100 |
Is Young Mens Christian Association Of Watertown Ny Inc 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 Watertown Ny Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Mens Christian Association Of Watertown Ny Inc
Young Mens Christian Association Of Watertown Ny Inc (EIN: 150559207) is a nonprofit organization based in Watertown, NY. The organization reported total revenue of $12.4M and total assets of $37.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mens Christian Association Of Watertown Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Mens Christian Association Of Watertown Ny Inc is a large nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $6.4M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $39.3M |
| Total Liabilities | $14.8M |
| Net Assets | $24.5M |
| Operating Margin | 38.2% |
| Debt-to-Asset Ratio | 37.8% |
| Months of Reserves | 73.1 months |
Financial Health Grade: A
In 2023, Young Mens Christian Association Of Watertown Ny Inc reported a surplus of $4.0M with revenue exceeding expenses, holds 73.1 months of operating reserves (strong position), has a debt-to-asset ratio of 37.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Young Mens Christian Association Of Watertown Ny Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | +15.3% | +22.4% |
| 2022 | +57.1% | +11.8% | +128.3% |
| 2021 | +52.6% | +7.5% | +36.1% |
| 2020 | -7.1% | -20.9% | +8.6% |
| 2019 | +6.7% | +4.3% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Watertown Ny 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: 80%
- fundraising: 10%
According to IRS 990 filings, Young Mens Christian Association Of Watertown Ny Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation levels that do not meet IRS reporting thresholds, which is generally 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.
Red Flags
The following concerns were identified during AI analysis of Young Mens Christian Association Of Watertown Ny Inc's IRS 990 filings:
- Significant increase in liabilities from $1,009,317 in 2021 to $14,848,059 in 2023, requiring further investigation into their nature and repayment plan.
Strengths
The following positive indicators were identified for Young Mens Christian Association Of Watertown Ny Inc:
- Consistent revenue surpluses, with revenue exceeding expenses in most recent years (e.g., $10.4M revenue vs. $6.4M expenses in 2023).
- Strong asset growth, increasing from $14.0M in 2021 to $39.3M in 2023.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Positive financial trend with increasing revenue and assets over the last three years.
Frequently Asked Questions about Young Mens Christian Association Of Watertown Ny Inc
Is Young Mens Christian Association Of Watertown Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Of Watertown Ny Inc (EIN: 150559207) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Young Mens Christian Association Of Watertown Ny Inc spend its money?
Young Mens Christian Association Of Watertown Ny Inc 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 Watertown Ny Inc tax-deductible?
Young Mens Christian Association Of Watertown Ny Inc is registered as a tax-exempt nonprofit (EIN: 150559207). 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 Of Watertown Ny Inc's spending goes to programs?
Young Mens Christian Association Of Watertown Ny Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Young Mens Christian Association Of Watertown Ny Inc located?
Young Mens Christian Association Of Watertown Ny Inc is headquartered in Watertown, New York and files with the IRS under EIN 150559207.
How many years of IRS 990 filings does Young Mens Christian Association Of Watertown Ny Inc have?
Young Mens Christian Association Of Watertown Ny Inc 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 $12.4M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these expense categories. Further analysis of the full IRS 990 forms would be required.
What is the reason for the significant increase in assets and liabilities between 2021 and 2023?
Assets grew from $14,061,690 in 2021 to $39,307,166 in 2023, while liabilities increased from $1,009,317 to $14,848,059 in the same period. This could indicate significant capital investments, property acquisitions, or expansion projects, potentially financed by debt.
How does the organization manage its increasing liabilities?
While liabilities have increased, the organization's assets have grown at a faster rate, maintaining a healthy asset-to-liability ratio. Further investigation into the nature of these liabilities (e.g., mortgages, program-related debt) would be beneficial.
Filing History
IRS 990 filing history for Young Mens Christian Association Of Watertown Ny Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Young Mens Christian Association Of Watertown Ny Inc's revenue has grown by 133.9%, moving from $4.5M to $10.4M. Total assets increased by 403.1% over the same period, from $7.8M to $39.3M. Total functional expenses rose by 57.4%, from $4.1M to $6.4M. In its most recent filing year (2023), Young Mens Christian Association Of Watertown Ny Inc reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $14.8M in liabilities against $39.3M in assets (debt-to-asset ratio: 37.8%), resulting in net assets of $24.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $6.4M | $39.3M | $14.8M | — | — |
| 2022 | $13.1M | $5.6M | $32.1M | $11.8M | — | — |
| 2021 | $8.3M | $5.0M | $14.1M | $1.0M | — | View 990 |
| 2020 | $5.5M | $4.7M | $10.3M | $697K | — | — |
| 2019 | $5.9M | $5.9M | $9.5M | $763K | — | View 990 |
| 2018 | $5.5M | $5.6M | $9.4M | $486K | — | View 990 |
| 2017 | $5.6M | $5.2M | $9.6M | $447K | — | — |
| 2016 | $5.1M | $4.8M | $9.3M | $559K | — | View 990 |
| 2015 | $5.1M | $4.8M | $9.0M | $636K | — | View 990 |
| 2014 | $5.4M | $4.6M | $8.6M | $447K | — | View 990 |
| 2013 | $4.7M | $4.4M | $8.1M | $815K | — | View 990 |
| 2012 | $4.5M | $4.3M | $8.1M | $1.2M | — | View 990 |
| 2011 | $4.5M | $4.1M | $7.8M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $6.4M, and assets of $39.3M (revenue -20.2% year-over-year).
- 2022: Revenue of $13.1M, expenses of $5.6M, and assets of $32.1M (revenue +57.1% year-over-year).
- 2021: Revenue of $8.3M, expenses of $5.0M, and assets of $14.1M (revenue +52.6% year-over-year).
- 2020: Revenue of $5.5M, expenses of $4.7M, and assets of $10.3M (revenue -7.1% year-over-year).
- 2019: Revenue of $5.9M, expenses of $5.9M, and assets of $9.5M (revenue +6.7% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.6M, and assets of $9.4M (revenue -1.8% year-over-year).
- 2017: Revenue of $5.6M, expenses of $5.2M, and assets of $9.6M (revenue +9.8% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.8M, and assets of $9.3M (revenue +0.5% year-over-year).
- 2015: Revenue of $5.1M, expenses of $4.8M, and assets of $9.0M (revenue -6.1% year-over-year).
- 2014: Revenue of $5.4M, expenses of $4.6M, and assets of $8.6M (revenue +15.9% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.4M, and assets of $8.1M (revenue +3.2% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.3M, and assets of $8.1M (revenue +1.4% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.1M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Mens Christian Association Of Watertown Ny Inc:
Data Sources and Methodology
This transparency report for Young Mens Christian Association Of Watertown Ny 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.