Owatonna Gymnastic Club Inc

Analysis

Owatonna Gymnastic Club Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in October 2000, 26 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 2024, Owatonna Gymnastic Club Inc reported income of $269k and spending of $246k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $238k to $269k (+13%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Owatonna Gymnastic Club Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include West Park Jr Panthers ($268k), Houston Cougars Foundation Inc ($269k) and Herriman Baseball ($268k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $68k (28% of expenses). Other salaries and wages came to $40k. At year end it held assets of $218k against liabilities of $22, net assets of $218k. It reported 26 employees.