Girls Gymnastic-Athletic Club of Owego New York Inc

Analysis

Girls Gymnastic-Athletic Club of Owego New York Inc is a registered charity in United States, based in Owego, NY. It received its IRS tax-exemption ruling in July 1967, 59 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 August 2023, Girls Gymnastic-Athletic Club of Owego New York Inc reported income of $302k and spending of $303k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $276k to $302k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to August 2021, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Girls Gymnastic-Athletic Club of Owego New York Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Frank Manning Baseball League ($302k), Colorado Discover Ability ($302k) and Bridgewater Baseball Inc ($302k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $57k (19% of expenses). Other salaries and wages came to $116k. At year end it held assets of $327k against liabilities of $96k, net assets of $231k. It reported 21 employees.