Gilbert Athletic Booster Club

Analysis

Gilbert Athletic Booster Club is a registered charity in United States, based in Gilbert, IA. It received its IRS tax-exemption ruling in August 2005, 21 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 July 2024, Gilbert Athletic Booster Club reported income of $257k and spending of $276k, spending 107% of what it took in. Across the 4 years on record, from July 2020 to July 2024, income grew from $117k to $257k (+119%), an average of +30% a year. The sharpest change came in the year to July 2022, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gilbert Athletic Booster Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Coral Springs Clippers Baseball Inc ($257k), Minnesota Sting Athletic Association ($257k) and Chelmsford Youth Soccer Association Inc ($257k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.3% and program service revenue 51% of the total. Other salaries and wages came to $36k. At year end it held assets of $365k against liabilities of $404, net assets of $364k. It reported 5 employees.