USA Gymnastics Foundation Inc

Analysis

USA Gymnastics Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, USA Gymnastics Foundation Inc reported income of $294k and spending of $658k, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $294k (-88%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 102%. Over the whole period it spent 332% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Gymnastics Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Wakefield Youth Skating Association Inc ($293k), Fencing for All Foundation Inc ($294k) and Atlanta Rowing Club Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.6m against liabilities of $243k, net assets of $4.3m.