Philadelphia Boys Gymnastics Teams Parents Association Inc

Analysis

Philadelphia Boys Gymnastics Teams Parents Association Inc is a registered charity in United States, based in Elkins Park, PA. It received its IRS tax-exemption ruling in August 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Philadelphia Boys Gymnastics Teams Parents Association Inc reported income of $85k and spending of $101k, spending 118% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $88k to $85k (-3.2%), an average of -3.2% a year. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Philadelphia Boys Gymnastics Teams Parents Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include Cedarbrook Camp of Ohio ($85k), Coronado High School Football Booster Club ($85k) and Kingsway Elite Recreational Cheerleading Inc ($85k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.