Berks Gymanastic Team Inc

Analysis

Berks Gymanastic Team Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in June 1998, 28 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 April 2023, Berks Gymanastic Team Inc reported income of $100k and spending of $98k, spending 98% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $148k to $100k (-32%), an average of -12% a year. The sharpest change came in the year to April 2021, when income dropped by 52%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Berks Gymanastic Team Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Hockey Commissioners Association Inc ($100k), Midwest Prep Academy Inc ($100k) and Little League Baseball Inc ($100k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 31% and program service revenue 37% of the total. Other salaries and wages came to $9,600. At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 2 employees.