Overview
What is Young Men's Christian Association?
The Young Men's Christian Association (YMCA) is a nonprofit organization situated in Mason City, Iowa, specifically at 1840 S Monroe Ave, 50401. This association offers its members the opportunity to utilize facilities and participate in various programs in exchange for a monthly or annual membership fee. The mission of YMCA is deeply rooted in Christian principles, aiming to foster a holistic development of spirit, mind, and body through its programs. The organization employs a team of 170 individuals, dedicated to fulfilling its mission.
Official website here: www.masoncityymca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Young Men's Christian Association (YMCA) has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization maintains a high level of transparency, with 100% of its board members being independent, which is a significant strength as it ensures a focus on governance without conflicts of interest. Furthermore, the YMCA has established robust financial oversight mechanisms, evidenced by a complete score for its audit and oversight committee.
However, the YMCA's program expense ratio is somewhat mixed, standing at 65.81%, which is considered reasonable but leaves room for improvement. Additionally, the organization's liabilities to assets ratio is at 125.45%, raising concerns about its financial leverage and sustainability. While the YMCA is generally well-regarded for its financial practices, these factors may warrant further scrutiny for potential improvements in financial health and resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Young Men's Christian Association legitimate?
Young Men's Christian Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Men's Christian Association 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: $70,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $811,842
For more financial information, click here
Official website here: www.masoncityymca.org
What is the mission statement of Young Men's Christian Association?
The Young Men's Christian Association's mission is to implement Christian principles in practical ways through programs that foster the development of a healthy spirit, mind, and body. This mission is aimed at benefiting all individuals. The association achieves this by providing access to facilities and encouraging participation in various programs, which members can join by paying a monthly or annual membership fee.
Official website here: www.masoncityymca.org
What is the revenue of Young Men's Christian Association?
Young Men's Christian Association's revenue in 2023 was $1,604,227.
Official website here: www.masoncityymca.org
Who are the executives of Young Men's Christian Association and what are their salaries?
The average compensation at Young Men's Christian Association during 2023 was $4,694. There are 188 employees and 20 volunteers at Young Men's Christian Association.
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- Compensation: $57,231
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Official website here: www.masoncityymca.org
Where can I find the form 990 for Young Men's Christian Association?
Young Men's Christian Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masoncityymca.org
Learn more at the official website: www.masoncityymca.org
Mission Statement of Young Men's Christian Association
The Young Men's Christian Association, often referred to as YMCA, is committed to implementing Christian principles in practice through programs that foster the holistic development of individuals. Their mission, stated in a broader perspective, is to construct programs that promote physical, mental, and spiritual well-being for all individuals. The YMCA aims to put these principles into action, thereby contributing to the betterment of society as a whole.
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Impact
July, 2024
The impact of the Young Men's Christian Association is significant in promoting the well-being and development of individuals through programs that focus on building a healthy spirit, mind, and body. By providing access to facilities and a diverse range of programs, the organization plays a crucial role in enhancing the overall quality of life for its members. Through its mission to put Christian principles into practice, the Young Men's Christian Association in Mason City, IA, demonstrates a commitment to fostering holistic growth and personal development for all members. The association's tag of "Human services" underscores its dedication to serving the community and supporting individuals in achieving their full potential.
This information is meant to be a general summary of Young Men's Christian Association. 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: $10,522
- Program Service Revenue: $1,019,151
- Gross Receipts: $1,604,227
Assets and Liabilities:
- Total Assets: $955,112
- Total Liabilities: $610,298
- Net Assets: $344,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEES
Revenue
$626,950
PROGRAM FEES
Revenue
$392,201
Organization Details
Founding Year
1892
Principal Officer
Tammy Hertzel
Website
www.masoncityymca.orgNTEE Category
Code: P27Z - Human services
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