Jam Hops Gymnastics Booster Club

Analysis

Jam Hops Gymnastics Booster Club is a registered charity in United States, based in Ham Lake, MN. It received its IRS tax-exemption ruling in April 2007, 19 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, Jam Hops Gymnastics Booster Club reported income of $383k and spending of $306k, spending 80% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $185k to $383k (+107%), an average of +106% a year. The sharpest change came in the year to August 2023, when income rose by 107%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jam Hops Gymnastics Booster Club sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Hernando Soccer Club Inc ($382k), Frederick Area Swim Team Inc ($383k) and Olimpiakan Reservner Inc ($382k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $214k against liabilities of $0, net assets of $214k.