New Prague Gymnastics Club Inc

Analysis

New Prague Gymnastics Club Inc is a registered charity in United States, based in New Prague, MN. It received its IRS tax-exemption ruling in November 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 May 2024, New Prague Gymnastics Club Inc reported income of $416k and spending of $449k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $253k to $416k (+64%), an average of +13% a year. The sharpest change came in the year to May 2023, when income rose by 28%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Prague Gymnastics Club Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include River Falls Pregnancy Helpline ($416k), Big Brothers Big Sisters of West Central Ohio Inc ($416k) and Missouri Association of County Developmmental Disabilities Serv ($416k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Other salaries and wages came to $224k. At year end it held assets of $636k against liabilities of $339k, net assets of $297k. It reported 47 employees.