Olympia Gymnastics Booster Club Inc

Analysis

Olympia Gymnastics Booster Club Inc is a registered charity in United States, based in Rochester HLS, MI. It received its IRS tax-exemption ruling in October 1997, 29 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 August 2024, Olympia Gymnastics Booster Club Inc reported income of $530k and spending of $475k, spending 90% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $376k to $530k (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2022, when income rose by 609%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olympia Gymnastics Booster Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Amateur Swimming Foundation Inc ($530k), Yamhill Encampment Corporation ($530k) and Agsa Corp ($530k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.