Twin Ports Gymnastics Club Inc

Analysis

Twin Ports Gymnastics Club Inc is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in February 2003, 23 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 2023, Twin Ports Gymnastics Club Inc reported income of $466k and spending of $445k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $294k to $466k (+58%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 78%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Twin Ports Gymnastics Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Swva Sportsmen Inc ($466k), Havre de Grace Recreation Committee Inc ($466k) and Alaska All-Star Hockey Association ($466k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Other salaries and wages came to $177k. At year end it held assets of $177k against liabilities of $3,394, net assets of $173k. It reported 29 employees.