International Gymnast Hall of Fame

Analysis

International Gymnast Hall of Fame is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, International Gymnast Hall of Fame reported income of $65k and spending of $60k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $17k to $65k (+277%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 349%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Gymnast Hall of Fame sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within OK. Charities of a similar size with the same main cause include Sunset Park School of Music Inc ($65k), National Association of Dance and Affiliated Arts Inc ($65k) and Friends of Bohemian National Cemetery ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $229k against liabilities of $23k, net assets of $206k.