Grand Rapids Gymnastics Boosters Club Inc

Analysis

Grand Rapids Gymnastics Boosters Club Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1993, 33 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 May 2024, Grand Rapids Gymnastics Boosters Club Inc reported income of $674k and spending of $679k, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $418k to $674k (+61%), an average of +13% a year. The sharpest change came in the year to May 2022, when income rose by 403%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Rapids Gymnastics Boosters Club Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Two Rivers Athletic Association ($674k), East Berlin Area Community Center Inc ($674k) and Daniel Springs Baptist Encampment ($674k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $7,381 (1.1% of expenses). At year end it held assets of $63k against liabilities of $1,814, net assets of $61k.