Mountain Brook Gymnastics Foundation Inc

Analysis

Mountain Brook Gymnastics Foundation Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 2006, 20 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 June 2024, Mountain Brook Gymnastics Foundation Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $948k to $1.4m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 44%. 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, Mountain Brook Gymnastics Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Alyeska Ski Club Inc ($1.4m), Eastern Hockey Federation Inc ($1.4m) and FC Berna Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $100k (6.8% of expenses). Other salaries and wages came to $947k. At year end it held assets of $970k against liabilities of $0, net assets of $970k. It reported 64 employees.