Glastonbury Gymnastics Club Parents Organization

Analysis

Glastonbury Gymnastics Club Parents Organization is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Glastonbury Gymnastics Club Parents Organization reported income of $116k and spending of $118k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $212k to $116k (-45%), an average of -45% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glastonbury Gymnastics Club Parents Organization sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Werunbrownsville Inc ($116k), Tri-City Lacrosse ($116k) and Eden Junior Athletic Association Inc ($116k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.