Northshore Gymnastic Assn

Analysis

Northshore Gymnastic Assn is a registered charity in United States, based in Maple Plain, MN. It received its IRS tax-exemption ruling in September 1974, 52 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, Northshore Gymnastic Assn reported income of $2.2m and spending of $1.6m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.2m (+54%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northshore Gymnastic Assn sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include South Jersey Barons Youth Club Inc ($2.2m), Impact Center ($2.2m) and Laser Class Association Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $107k (6.6% of expenses). Other salaries and wages came to $778k. At year end it held assets of $2.3m against liabilities of $843k, net assets of $1.4m. It reported 57 employees.