Gainesville Gavitas Incorporated

Analysis

Gainesville Gavitas Incorporated is a registered charity in United States, based in Newberry, FL. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Gainesville Gavitas Incorporated reported income of $86k and spending of $77k, spending 90% of its income. Across the 3 years on record, from September 2022 to September 2024, income grew from $61k to $86k (+42%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gainesville Gavitas Incorporated 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 36th percentile within FL. Charities of a similar size with the same main cause include The Billings Gymnastic School Booster Club Inc ($86k), Ames High School Athletic Booster Club Inc ($86k) and Illinois Track and Cross Country Coaches Association ($86k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 66% and program service revenue 31% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.