Friends of C H I P S Gymnastics Inc

Analysis

Friends of C H I P S Gymnastics Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 December 2023, Friends of C H I P S Gymnastics Inc reported income of $59k and spending of $52k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $16k to $59k (+273%), an average of +273% a year. The sharpest change came in the year to December 2023, when income rose by 273%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of C H I P S Gymnastics Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Marina Football Booster Club ($59k), Project Excel Inc ($59k) and Vision Warriors Corporation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8,023 against liabilities of $0, net assets of $8,023.