Team Central Gymnastic Academy Inc

Analysis

Team Central Gymnastic Academy Inc is a registered charity in United States, based in Maryland HTS, MO. It received its IRS tax-exemption ruling in November 1994, 32 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 September 2024, Team Central Gymnastic Academy Inc reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $1.2m to $1.9m (+62%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Team Central Gymnastic Academy 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 86th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include Satori Inc ($1.9m), Northport Apartments Corporation ($1.9m) and Crime Victims Council of Lehigh Valley Inc ($1.9m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 3.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $16k (1.0% of expenses). Other salaries and wages came to $763k. At year end it held assets of $2.3m against liabilities of $191k, net assets of $2.1m. It reported 78 employees.