World Class Gymnastics Too Parents Association

Analysis

World Class Gymnastics Too Parents Association is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Class Gymnastics Too Parents Association reported income of $136k and spending of $157k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $136k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, World Class Gymnastics Too Parents Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Little Musicians Academy USA ($136k), Chanhassen Storm Mens Hockey ($136k) and Yuma Boys Baseball League ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 27% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.