Overview
What is Young Men's Christian Association-Lima?
Young Men's Christian Association-Lima is a nonprofit organization situated in Lima, Ohio, with a strong commitment to fostering personal growth and community involvement. Its primary purpose is to help individuals develop Christian character, promoting a balanced lifestyle that encompasses physical, social, mental, and spiritual well-being. The organization achieves this objective through various programs and activities, emphasizing the importance of a healthy spirit, mind, and body. As a membership-based organization, it welcomes all members and offers financial assistance to those in need to participate in its programs. By engaging in these activities, the YMCA of Lima encourages individuals to become responsible and caring citizens, understanding the value of contributing to their local community. The association employs a workforce of around 130 people, dedicated to its mission.
Official website here: www.limaymca.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Young Men's Christian Association-Lima has earned an impressive 96% score, reflecting a strong commitment to accountability and financial integrity. The organization achieved a Four-Star rating largely based on its excellent performance in the Accountability & Finance beacon, where it demonstrated high standards across various metrics. Notably, 94% of board members are independent, and the organization has implemented comprehensive governance practices.
Strengths of the YMCA-Lima include a substantial focus on program expenses, with 92.72% of its spending directed toward its programs, showcasing effective use of resources to fulfill its mission. The organization maintains robust audit and oversight practices and has a strong financial health indicator, exemplified by a low liabilities-to-assets ratio of 5.31%. Additionally, the presence of key policies, such as conflict of interest and whistleblower protections, reinforces its commitment to ethical governance.
While the YMCA-Lima has demonstrated exceptional accountability and transparency, the rating does not address specific program outcomes or community impact, which are important for understanding the effectiveness of its initiatives. However, the organization's dedication to financial responsibility and its independent governance structure are commendable features that contribute to its strong reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Young Men's Christian Association-Lima legitimate?
Young Men's Christian Association-Lima is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Men's Christian Association-Lima submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $135,197
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,118,459
For more financial information, click here
Official website here: www.limaymca.net
What is the mission statement of Young Men's Christian Association-Lima?
The Young Men's Christian Association, in its mission, aims to foster the development of Christian character and promote a healthier mind, body, and spirit. By offering various programs and activities, it encourages individuals to become better citizens and active participants in society. The association, which is membership-based and open to all, provides financial assistance to those in need to participate in its programs. Through these activities, it helps individuals develop into responsible and caring citizens who understand the importance of giving back to their community.
Official website here: www.limaymca.net
What is the revenue of Young Men's Christian Association-Lima?
Young Men's Christian Association-Lima's revenue in 2023 was $3,476,054.
Official website here: www.limaymca.net
Who are the executives of Young Men's Christian Association-Lima and what are their salaries?
The average compensation at Young Men's Christian Association-Lima during 2023 was $7,083. There are 177 employees and 241 volunteers at Young Men's Christian Association-Lima.
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Official website here: www.limaymca.net
Where can I find the form 990 for Young Men's Christian Association-Lima?
Young Men's Christian Association-Lima's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.limaymca.net
Learn more at the official website: www.limaymca.net
Mission Statement of Young Men's Christian Association-Lima
The Young Men's Christian Association, or YMCA, in its mission, strives to incorporate Christian principles into practical actions through programs that foster the development of individuals' physical, mental, and spiritual well-being. By providing these programs, the organization aims to nurture responsible and compassionate citizens who recognize the significance of contributing to their community. The YMCA's mission is to aid individuals in developing Christian character, thereby preparing them to become active participants in a Christian society, enriching their lives through various activities and services.
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Impact
October, 2024
Young Men's Christian Association-Lima enhances the community by instilling Christian principles through programs that promote healthy living in body, mind, and spirit. Its inclusive membership model ensures accessibility for all, offering financial assistance to those in need, thereby fostering participation among diverse populations.
Through its various initiatives, the organization cultivates responsible and caring citizens who understand the significance of contributing to their community. Participants engage in activities that not only promote physical well-being but also encourage social connections and mental resilience. The YMCA-Lima plays a crucial role in helping individuals build character and develop a sense of belonging, ultimately transforming lives and strengthening the fabric of the community. By focusing on holistic development, it empowers members to lead healthier, more meaningful lives, actively participating in and improving the society they inhabit.
This information is meant to be a general summary of Young Men's Christian Association-Lima. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $696,540
- Program Service Revenue: $2,112,661
- Gross Receipts: $3,476,054
Assets and Liabilities:
- Total Assets: $8,967,596
- Total Liabilities: $419,151
- Net Assets: $8,548,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Healthy Living
Revenue
$2,112,661
Social Responsibility
Revenue
$0
Youth Development
Revenue
$0
Organization Details
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