Bemidji Gymnastic Club Inc

Analysis

Bemidji Gymnastic Club Inc is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in March 1988, 38 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 September 2023, Bemidji Gymnastic Club Inc reported income of $66k and spending of $66k, spending 100% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $49k to $66k (+36%), an average of +36% a year. The sharpest change came in the year to September 2023, when income rose by 36%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bemidji Gymnastic Club Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Friends of Perrot State Park Inc ($66k), California Federation of Womens Clubs ($66k) and Chess Mates Foundation ($66k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 77% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.