United Club Gymnastics

Analysis

United Club Gymnastics is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2008, 18 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 June 2023, United Club Gymnastics reported income of $388k and spending of $386k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $356k to $388k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 3228%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United Club Gymnastics sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Veterans Memorial Golf Club Foundation Inc ($387k), Cat 5 Aquatics Inc ($388k) and Agoura Youth Basketball Association ($387k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. At year end it held assets of $172k against liabilities of $2,803, net assets of $169k.