Northfield Gymnastics Club Inc

Analysis

Northfield Gymnastics Club Inc is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in July 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northfield Gymnastics Club Inc reported income of $400k and spending of $552k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $290k to $400k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northfield Gymnastics Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Triggers Cricket Consortium ($400k), North Rockland Soccer Associationinc ($400k) and Dreamland Boxing ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 89% of the total. Other salaries and wages came to $235k. At year end it held assets of $259k against liabilities of $8,311, net assets of $250k. It reported 33 employees.