U S Gymnastics Development Center Team Parents Assoc a New Jersey

Analysis

U S Gymnastics Development Center Team Parents Assoc a New Jersey is a registered charity in United States, based in Mahwah, NJ. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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 2022, U S Gymnastics Development Center Team Parents Assoc a New Jersey reported income of $69k and spending of $108k, spending 156% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $379k to $69k (-82%), an average of -43% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U S Gymnastics Development Center Team Parents Assoc a New Jersey sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include North Carolina Literary and Historical Association Incorporate ($69k), Gloria Russell Childrens Ministry Inc ($69k) and First Nations Counseling Ministries ($69k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.