Gym Rats Inc

Analysis

Gym Rats Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in April 1996, 30 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, Gym Rats Inc reported income of $126k and spending of $226k, spending 180% of what it took in. The sharpest change came in the year to December 2022, when income rose by 1162%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gym Rats Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Avonworth Hockey Club ($126k), Shadow Creek Youth Football Association Inc ($126k) and Carolina Sailing Foundation ($126k).

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 $14k against liabilities of $50k, net assets of -$36k.