Tri-Star Gymnastics Inc

Analysis

Tri-Star Gymnastics Inc is a registered charity in United States, based in Forest Park, IL. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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 August 2022, Tri-Star Gymnastics Inc reported income of $618k and spending of $596k, spending 96% of its income. Across the 3 years on record, from August 2020 to August 2022, income grew from $360k to $618k (+72%), an average of +31% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-Star Gymnastics Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Center for Tax and Budget Accountability N F P ($618k), National College of Midwifery Inc ($618k) and Community Housing Services ($618k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 0.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $209k (35% of expenses). At year end it held assets of $242k against liabilities of $111k, net assets of $131k.