Young Mens Christian Association Retirement Fund
YMCA Retirement Fund manages over $10 billion in assets with fluctuating annual revenues and expenses, consistently reporting 0% officer compensation.
EIN: 135562401 · New York, NY · NTEE: Y300 · Updated: 2026-03-28
Is Young Mens Christian Association Retirement Fund 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 Retirement Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Mens Christian Association Retirement Fund
Young Mens Christian Association Retirement Fund (EIN: 135562401) is a nonprofit organization based in New York, NY, classified under NTEE code Y300. The organization reported total revenue of $1.9B and total assets of $10.3B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mens Christian Association Retirement Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Mens Christian Association Retirement Fund is a major nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $606.4M |
| Total Expenses | $578.5M |
| Surplus / Deficit | +$27.8M |
| Total Assets | $9.2B |
| Total Liabilities | $8.5B |
| Net Assets | $717.2M |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 92.2% |
| Months of Reserves | 191.2 months |
Financial Health Grade: A
In 2024, Young Mens Christian Association Retirement Fund reported a surplus of $27.8M with revenue exceeding expenses, holds 191.2 months of operating reserves (strong position), has a debt-to-asset ratio of 92.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Young Mens Christian Association Retirement Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.8% | +256.9% | +5.2% |
| 2023 | -20.8% | +18.6% | -1.5% |
| 2022 | +11.3% | -90.6% | +1.2% |
| 2021 | +57.7% | +63.0% | +23.7% |
| 2020 | -18.7% | +39.0% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1951 |
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 Retirement Fund 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Young Mens Christian Association Retirement Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing over $10 billion in assets and suggests that executive compensation is either not paid or not disclosed in this specific metric.
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 Retirement Fund's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and complexity, potentially indicating a lack of transparency in executive pay disclosure.
- Frequent periods where expenses significantly exceed revenue, such as $1.45 billion in expenses vs. $593 million in revenue in 2021, which, while potentially normal for a retirement fund, warrants deeper analysis into the drivers of these deficits.
Strengths
The following positive indicators were identified for Young Mens Christian Association Retirement Fund:
- Manages a substantial asset base of over $10 billion, indicating significant financial capacity.
- Clear mission as a pension and retirement fund (NTEE Y300), with financial activities aligning with this purpose.
- Consistent growth in assets over the past decade, from $6.1 billion in 2016 to over $10 billion currently, demonstrating long-term financial stability.
Frequently Asked Questions about Young Mens Christian Association Retirement Fund
Is Young Mens Christian Association Retirement Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Retirement Fund (EIN: 135562401) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Young Mens Christian Association Retirement Fund spend its money?
Young Mens Christian Association Retirement Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Young Mens Christian Association Retirement Fund tax-deductible?
Young Mens Christian Association Retirement Fund is registered as a tax-exempt nonprofit (EIN: 135562401). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the YMCA Retirement Fund manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings for an organization managing over $10 billion in assets is highly unusual. It suggests that executive compensation might be structured in a way that it's not captured under the 'Officer Comp' metric, or that the fund relies on external management or a volunteer board without direct compensation, which would require further investigation into their operational structure and compensation policies.
What is the primary reason for the significant fluctuations in annual revenue and expenses?
As a retirement fund (NTEE Code Y300), the primary reason for significant fluctuations in annual revenue and expenses is likely tied to investment performance and the actuarial liabilities of the fund. Revenue can be heavily influenced by investment gains, while expenses can include benefit payouts, administrative costs, and investment losses. For example, the $1.45 billion in expenses in 2021 against $593 million in revenue could indicate substantial benefit payouts or investment losses in that period.
Is the organization's financial health sustainable given periods where expenses exceed revenue?
For a retirement fund, periods where expenses exceed revenue are not necessarily indicative of unsustainable financial health, especially if the fund has a large asset base to draw upon, as is the case here with over $10 billion in assets. The fund's long-term sustainability depends on its investment strategy, actuarial assumptions, and ability to meet its long-term obligations. The consistent growth in assets from $6.1 billion in 2016 to over $10 billion currently suggests overall financial stability despite annual fluctuations.
Filing History
IRS 990 filing history for Young Mens Christian Association Retirement Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Young Mens Christian Association Retirement Fund's revenue has grown by 145.6%, moving from $246.9M to $606.4M. Total assets increased by 72.3% over the same period, from $5.4B to $9.2B. Total functional expenses rose by 18.6%, from $488.0M to $578.5M. In its most recent filing year (2024), Young Mens Christian Association Retirement Fund reported a surplus of $27.8M, with revenue exceeding expenses. The organization holds $8.5B in liabilities against $9.2B in assets (debt-to-asset ratio: 92.2%), resulting in net assets of $717.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $606.4M | $578.5M | $9.2B | $8.5B | — | — |
| 2023 | $523.4M | $162.1M | $8.8B | $8.4B | — | View 990 |
| 2022 | $660.5M | $136.7M | $8.9B | $8.6B | — | View 990 |
| 2021 | $593.5M | $1.5B | $8.8B | $9.0B | — | View 990 |
| 2020 | $376.4M | $895.2M | $7.1B | $8.2B | — | View 990 |
| 2019 | $463.1M | $644.2M | $7.3B | $7.7B | — | View 990 |
| 2018 | $429.6M | $970.7M | $7.1B | $7.5B | — | View 990 |
| 2017 | $516.8M | $569.2M | $6.7B | $6.9B | — | View 990 |
| 2016 | $284.1M | $460.2M | $6.1B | $6.7B | — | View 990 |
| 2015 | $644.1M | $790.0M | $6.5B | $6.6B | — | View 990 |
| 2014 | $851.2M | $542.1M | $6.5B | $6.3B | — | View 990 |
| 2013 | $446.5M | $483.4M | $5.9B | $6.1B | — | View 990 |
| 2012 | $246.9M | $488.0M | $5.4B | $5.8B | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $606.4M, expenses of $578.5M, and assets of $9.2B (revenue +15.8% year-over-year).
- 2023: Revenue of $523.4M, expenses of $162.1M, and assets of $8.8B (revenue -20.8% year-over-year).
- 2022: Revenue of $660.5M, expenses of $136.7M, and assets of $8.9B (revenue +11.3% year-over-year).
- 2021: Revenue of $593.5M, expenses of $1.5B, and assets of $8.8B (revenue +57.7% year-over-year).
- 2020: Revenue of $376.4M, expenses of $895.2M, and assets of $7.1B (revenue -18.7% year-over-year).
- 2019: Revenue of $463.1M, expenses of $644.2M, and assets of $7.3B (revenue +7.8% year-over-year).
- 2018: Revenue of $429.6M, expenses of $970.7M, and assets of $7.1B (revenue -16.9% year-over-year).
- 2017: Revenue of $516.8M, expenses of $569.2M, and assets of $6.7B (revenue +81.9% year-over-year).
- 2016: Revenue of $284.1M, expenses of $460.2M, and assets of $6.1B (revenue -55.9% year-over-year).
- 2015: Revenue of $644.1M, expenses of $790.0M, and assets of $6.5B (revenue -24.3% year-over-year).
- 2014: Revenue of $851.2M, expenses of $542.1M, and assets of $6.5B (revenue +90.6% year-over-year).
- 2013: Revenue of $446.5M, expenses of $483.4M, and assets of $5.9B (revenue +80.9% year-over-year).
- 2012: Revenue of $246.9M, expenses of $488.0M, and assets of $5.4B.
Data Sources and Methodology
This transparency report for Young Mens Christian Association Retirement Fund 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.