World Class Gymnastics Parents Association Inc

Analysis

World Class Gymnastics Parents Association Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in July 2007, 19 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, World Class Gymnastics Parents Association Inc reported income of $368k and spending of $395k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $92k to $368k (+298%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 563%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, World Class Gymnastics Parents Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Sandhill Soaring Club Inc ($368k), Durango Youth Soccer Association Inc ($368k) and Sir Nonprofit Corp ($368k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 2.2% of the total. At year end it held assets of $492k against liabilities of $0, net assets of $492k.