X-Cel Gymnastics Parent Organization Inc

Analysis

X-Cel Gymnastics Parent Organization Inc is a registered charity in United States, based in Cranberry Township, PA. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2022, X-Cel Gymnastics Parent Organization Inc reported income of $349k and spending of $297k, spending 85% of its income. Across the 4 years on record, from July 2019 to July 2022, income grew from $179k to $349k (+95%), an average of +25% a year. The sharpest change came in the year to July 2022, when income rose by 69%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, X-Cel Gymnastics Parent Organization Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include New Mexico Wrangler Division Junior High School Rodeo Association ($349k), Needham Youth Track Club Inc ($349k) and Premier Hockey League of New England Inc ($349k).

On its Form 990 for the period ending July 2022, revenue came from program service revenue 104% of the total. At year end it held assets of $186k against liabilities of $16k, net assets of $170k.