Sokol Greater Cleveland Gymnastic & Educational Organization

Analysis

Sokol Greater Cleveland Gymnastic & Educational Organization is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1970, 56 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 December 2023, Sokol Greater Cleveland Gymnastic & Educational Organization reported income of $397k and spending of $298k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $397k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sokol Greater Cleveland Gymnastic & Educational Organization sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include LA Jolla Volleyball Inc ($397k), Trojan Youth Lacrosse Association of Northwest Austin Inc ($397k) and City Island Rowing ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 24% of the total. At year end it held assets of $2.6m against liabilities of $125k, net assets of $2.4m.